Jinyuan Co., Ltd. and Shanda Qili sign a strategic cooperation agreement to promote the development of waste lithium battery recycling industry.

Jinyuan shares announced that the company and Shanda Qili Information Technology (Beijing) Co., Ltd. ("Shanda Qili") signed a "Strategic Cooperation Agreement".

The signing of the framework agreement aims at the two sides to give full play to their advantages in resources, capital, technology and market, establish strategic friendly and cooperative relations, expand waste lithium battery recycling networks in urban areas, and carry out cooperation in waste lithium battery recycling, echelon reuse and recycling, so as to promote the development of waste lithium battery recycling industry.

According to the announcement, Shanda Qili is an enterprise mainly engaged in waste lithium battery recycling, which has rich resource advantages and development experience in developing waste lithium battery recycling network. At present, Shanda Qili has laid out the "regional central stations for the recycling of retired power batteries for new energy vehicles" in Suqian, Jiangsu and Tangshan, Hebei, and is expanding regional central stations in Inner Mongolia, Shaanxi and Hainan.

The company is committed to becoming a leading supplier of new energy materials in China and the world integrating upstream lithium resource development, downstream waste lithium battery recycling and solid (hazardous) waste comprehensive utilization, and rare precious metal comprehensive recycling. The signing of this agreement will help give full play to the resource advantages of both sides, and the two sides will form a strategic cooperative relationship in the field of waste lithium battery recycling, which is in line with the vision of common development of both sides.

This cooperation is based on the need of the company to promote the recycling of waste lithium batteries, which will help the company to quickly distribute the recycling field of waste lithium batteries, ensure the long-term and stable development of the company, and improve the company's core competitiveness and profitability. in line with the company's development strategy.