BAIC Group, CATL, and Time Power Sign Collaboration Agreement
BAIC Group, CATL, and Time Power have signed a strategic agreement on April 25, focusing on battery recycling initiatives. This collaboration highlights the growing importance of sustainable practices in the lithium-ion battery sector.
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On April 25, BAIC Group, CATL, and Time Power formalized a strategic partnership aimed at enhancing battery recycling efforts. Concurrently, a public notice was issued for an environmental impact assessment regarding Taisen Technology's project for recycling and processing 50,000 tons of spent lithium-ion batteries, with an initial phase targeting 20,000 tons annually.
The total investment for this initiative is 100 million yuan, and the facility will be located in Anhua County, Yiyang City, Hunan Province. The project will include processes such as battery depackaging, pyrolysis, crushing, and sorting. This development underscores the critical need for recycling infrastructure in response to increasing battery waste.
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