Taisen Tech to Build $15M Spent Lithium-Ion Battery Recycling Plant in Hunan, China

Recently, the Hengfeng Ecological Environment Bureau of Shangrao City released the first environmental information public notice for the "Hengfeng Guosheng New Energy Technology Co., Ltd. New Energy Battery Comprehensive Utilization Industrial Project." According to the notice, the investment is 300 million yuan, and the construction site is located in the Hengfeng County Industrial Park, Shangrao City, Jiangxi Province. Upon completion, the project will have an annual production capacity to process 50,000 tons of retired lithium batteries.

On April 25, BAIC Group, CATL, and Time Power officially signed a strategic cooperation agreement. The three parties will collaborate on the development of battery-swapping vehicle models, the construction of a super-swap integrated recharging network, and battery lifecycle management. BAIC Group is among the first partners to join CATL's Chocolate Super Swap sharing network. As of April 2026, CATL's Chocolate battery swap stations have cumulatively built over 1,470 stations nationwide, covering 99 cities. It is expected that by the end of 2026, the number of swap stations nationwide will exceed 3,000, with service coverage expanding to nearly 190 cities.