According to the investor relations activity record of GEM's institutional survey on May 11, in 2025, the company's dismantling volume of power lithium-ion batteries for recycling reached 52,576 tonnes, a year-on-year increase of 46%, exceeding 10% of China's total end-of-life volume. The power lithium-ion battery recycling business achieved profitability, with both volume and quality improving.
In Q1 2026, the company recycled 15,076 tonnes of power batteries, a year-on-year increase of 40%, sustaining rapid growth and indicating broad prospects for recycling. The company's power battery recycling target for the full year of 2026 is 80,000 tonnes, which will effectively support the steady growth of the company's performance in 2026.
Edited by Cassie Li, lixiangying@mysteel.com
