Gelonghui, March 10 | Grimmie (002340.SZ) announced that with the rapid development of the NEV industry, the penetration rate of new energy vehicles continues to increase, the demand for power batteries is rapidly increasing, and the green recycling and green treatment of decommissioned NEVs and decommissioned power batteries and their waste has become a matter of widespread public concern. In order to promote the global green supply chain, meet the global carbon footprint requirements for new energy sources, solve the pollution problem of power batteries, achieve green treatment of power batteries and their waste, and promote the new energy industry from “green to green”, the company's holding subsidiary Wuhan Power Battery Recycling Technology Co., Ltd. (hereinafter referred to as “Power Regeneration” or “Party A”), together with Camel Group Resource Recycling Xiangyang Co., Ltd., Anhui Sunying New Energy Group Co., Ltd., Henan Zhongxin New Materials Co., Ltd., Hunan Five Innovative Energy Technology Co., Ltd., Meihua New Materials (Hubei) Co., Ltd. (hereinafter all referred to as “Party B”) The “Strategic Cooperation Framework Agreement on Jointly Building a New Energy Life Cycle Value Chain” was signed on March 8, 2024. During the cooperation period, according to market conditions, each Party B entity delivered no less than 10,000 tons of batteries and battery waste to be used in the production and manufacture of battery raw materials, and cooperated to build a full life cycle value chain of “NEV recycling - power battery recycling - battery material reengineering - power battery reengineering” to promote the implementation of the extended responsibility system for new energy vehicle producers and jointly build a new energy carbon footprint system and ESG green The value chain realizes the collaborative development of economic benefits and environmental benefits.
The signing of a strategic cooperation framework agreement is conducive to giving full play to the advantages of both parties A and B, achieving green recycling, recycling and remanufacturing of end-of-life new energy vehicles, waste power batteries and their waste, achieving targeted recycling of lithium, nickel and cobalt, promoting the development of the company's power battery recycling business, and building a full life cycle value chain of “new energy vehicle recycling - power battery recycling - battery material recycling” to enhance the company's industry position and competitiveness in the field of power battery recycling, and conforms to the company's development strategy and the interests of investors.