Zhongwei Corporation and IS Dongseo Co., Ltd. Partner on Global Battery Reuse Agreement

【Zhongwei Corporation signs global battery reuse regional cooperation agreement with IS Dongseo Co., Ltd.】Recently, Zhongwei Corporation and South Korea's IS Dongseo Co., Ltd. signed a regional cooperation agreement. Both parties will deepen their cooperation in long-term supply and joint marketing of battery recycling products. Representatives from IS Dongseo, Kwon Minseok and Lee Jungil, as well as Zhongwei Corporation's Senior Vice President Tao Wu and Deputy General Manager of the Recycling Department Bai Ji attended the signing ceremony.

It is reported that IS Dongseo is the only company in South Korea that has established a complete value chain for recycling waste batteries from dismantling electric vehicles to recovering and commercializing raw materials. Recently, its subsidiary IS BM Solution's battery pre-treatment factory has been completed in Hwaseong, Gyeonggi-do, South Korea, and is currently engaged in strategic cooperation in global recycling equipment through acquisitions.