On September 17, Guangdong Lvtong New Energy Electric Vehicle Technology Co.,Ltd. announced that it has signed a strategic cooperation framework agreement with Wuhan Power Battery Recycling Technology Co., Ltd., a subsidiary controlled by GEM. The two parties have decided to establish a comprehensive strategic partnership in the fields of new energy off-road vehicles and power battery recycling. This collaboration aims to jointly promote the development of the green and low-carbon industry, achieving synergistic growth in both economic and environmental benefits.
The cooperation includes lithium-ion battery systems and vehicle procurement, joint operations and asset holding collaborations, market development, and recycling initiatives. The signing of this framework agreement is expected to have a positive impact on the company's future business development, though specific cooperation details and outcomes remain uncertain.
Edited by Cassie Li, lixiangying@mysteel.com
