[SMM Analysis] Joining Hands to Open a New Chapter in Green Energy

Recently, ISKY Circular Energy Technology (Guangxi) Co., Ltd. (hereinafter referred to as "ISKY Circular Energy") formally signed a memorandum of cooperation with the leading lithium battery manufacturer, EVE Energy Co., Ltd. (hereinafter referred to as "EVE"), to engage in in-depth collaboration across four core dimensions: sharing and coordinating lithium battery recycling information and markets, jointly building and sharing a nationwide recycling network, ensuring the supply and recycling of regenerated materials, and advancing ESG and low-carbon certification.

ISKY Circular Energy is currently the only enterprise in Guangxi listed on both "Second-Life Application and Disassembly Recycling" white lists for end-of-life power batteries issued by the Ministry of Industry and Information Technology, and it is also one of Guangxi's first batch of key enterprises on the dual white lists. Its parent company, ISKY Chemicals Co., Ltd., is a leading global supplier of manganese-based materials for new energy batteries. Leveraging strong R&D capabilities and advanced production processes, the company is committed to providing global customers with high-grade, high-performance, safe, and reliable green solutions.

EVE is a company focused on the R&D, production, and sales of consumer batteries, power batteries, and ESS batteries. Dedicated to "accelerating the interconnection of all things through full-scenario lithium battery solutions," EVE has established a comprehensive R&D platform covering materials, battery cells, BMS, and systems. It has formed five business segments: EVE Innovation, EVE Energy Storage, EVE Power, strategic collaboration, and the global cooperative operation model (CLS). Its products are widely used in smart living, green transportation, energy transition, and other fields.

The two parties will integrate their respective advantages in lithium battery manufacturing, second-life applications, recycling networks, and materials R&D. By jointly building and sharing national and global recycling networks, they aim to establish a stable and reliable "urban mine" collection system. Building on ISKY Circular Energy's regional strengths in Guangxi, Hunan, Jiangsu, and other areas, as well as EVE's technical expertise in power battery manufacturing, maintenance, and remanufacturing, the two sides will collaborate in areas such as bus battery swapping, heavy-duty truck battery swapping, low-speed EVs, second-life applications, battery crushing, battery pack disassembly, and remanufacturing. They will focus on creating demonstration projects for the safe recycling and utilization of end-of-life lithium batteries, expanding business and application scenario development. At the same time, they will deepen cooperation in ESG and low-carbon certification, advance product carbon footprint and circular recycling certifications, enhance the brand's green competitiveness, and build an integrated and sustainable lithium battery recycling industry service system. They aim to create a green benchmark that leads the industry and secure a future "green passport" for the company.

This strategic collaboration with EVE has laid a solid foundation for long-term mutual benefit, added a powerful engine to ISKY's sustainable development, and marked a crucial step for ISKY in building a green ecosystem throughout the entire life cycle of batteries.