Sunwoda Invests RMB 20 Million in Battery Recycling Venture to Foster Sustainable Development

【RMB 20 million! Sunwoda Invests in Battery Recycling】 Recently, Tengzhou Sunwoda Renewable Resources Co., Ltd. was established with a registered capital of RMB 20 million.

The company is jointly owned by Shenzhen Sunwoda Renewable Materials Co., Ltd., a subsidiary of Sunwoda, and Shandong Xinhua Private Capital Management Co., Ltd.

Its business scope includes: battery manufacturing; processing of renewable resources; sales of renewable resources; research and development of resource recycling; solid waste management; recycling and cascading utilization of used power batteries from new energy vehicles (excluding the operation of hazardous waste), etc.