FinDreams Battery and Sichuan Meishan Xingmei Investment Group Officially Sign Framework Cooperation Agreement

Hyundai Motor has started moving production line equipment into MAAC (Mobility Alpha-line Anseong Campus), its first in-house battery plant. The plant’s initial production capacity is understood to be 2 GWh per year. Hyundai Motor will use NCM batteries, rather than LFP batteries, and plans to first build a pouch-type battery production line this year. The company is also expected to discuss prismatic battery production next year.

【30k-ton Waste LIB Recycling and Reutilization Project Launched in Beichen, Tianjin】 Recently, the annual 30,000-ton waste LIB recycling and reutilization project entered its second EIA public announcement stage. The project is located in Xiditou Town Industrial Park, Beichen District, Tianjin. It is an expansion project that utilizes leased factory space to install one LIB cell crushing and sorting line, one un-electrolyte-deposited LIB cell crushing and sorting line, one LIB electrode sheet crushing and sorting line, and supporting environmental equipment. Upon completion, it will achieve an annual capacity of 10,000 tons of LIB cells, 10,000 tons of un-electrolyte-deposited cells, and 10,000 tons of electrode sheets, totaling 30,000 tons of waste LIBs per year.

【300k-ton LIB Recycling and Reutilization Project Signed in Weiyuan, Sichuan】 Recently, the government of Weiyuan County, Neijiang, Sichuan, signed an agreement for the 300,000-ton/year LIB recycling and reutilization project. According to public information, the project is located in the Weiyuan Shale Gas Comprehensive Utilization Chemical Industrial Park, Neijiang. It will be constructed in three phases, building 300,000 tons/year LIB recycling and reutilization production lines. Upon completion, it will achieve an annual recycling and reutilization capacity of 300,000 tons of LIBs, realizing green circular development of waste battery recycling, cascade utilization, and material regeneration.