Recently, Dongfeng Hongtai Holdings Group Co., Ltd. signed a cooperation agreement with Xiangcheng District Government in Hubei Province, as well as Guangdong Jinsheng Technology Co, Ltd. for a project that is able to produce 50,000 tonnes LFP cathode materials per year based on retired batteries.
The project will carry out harmless treatment of retired lithium batteries, and establish a closed-loop value chain for the entire life cycle of power batteries, to achieve its carbon emission neutrality goal.
Edited by Cassie Li, lixiangying@mysteel.com