On February 10th, the signing ceremony for strategic cooperation between Xingheng New Material Technology (Chuzhou) Co., Ltd. and Suzhou Bocui Recycling Technology Co., Ltd. was successfully held at the Suzhou headquarters of Xingheng Power Supply. The two sides announced that they will carry out comprehensive and in-depth cooperation in manganese based battery recycling, material repair, metal extraction, and equity investment, focusing on the field of manganese based battery recycling and jointly exploring a development path of high efficiency, high efficiency, and high value. This cooperation is another significant action under the ecological layout strategy of the lithium battery industry chain of Xingheng Power Supply. The Bocui Cycle, with strong technical strength, will provide strong assistance for Xingheng to expand the business scenario of recycling and reusing manganese based batteries.
Feng Xiao, Chairman and President of Xingheng Power Supply Co., Ltd., Yu Min, General Manager of Xingheng New Material Technology (Chuzhou) Co., Ltd., Shi Xiaoxing, General Manager of Xingheng Power Supply Public Relations Center, Wang Yu, Secretary of the Board of Directors, Lin Xiao, Chairman and General Manager of Suzhou Bocui Recycling Technology Co., Ltd., Wang Xue, Marketing Director, Liu Gangfeng, Technical Director, and Liu Chunwei, Minister of Strategy Department, and other high-level leaders of both parties attended the signing ceremony.
In recent years, the new energy industry has achieved rapid development, and China has become the world’s largest producer and seller of lithium batteries. The installed capacity has increased significantly year by year. However, with the arrival of the peak period of power battery retirement, the recovery and recycling of waste batteries has also become an urgent industry issue, and has also become a new business development path for the new energy industry.
To this end, Xingheng Power established its subsidiary Xingheng New Materials in 2021, dedicated to the recycling and recycling of manganese based batteries. Based on the same market insight, Bocui Recycling focuses on providing metal resource recycling technology and solution services. The combination of development strategy and business philosophy is the foundation for the cooperation between Xingheng New Materials and Bocui Cycle.https://store.stoneitech.com/
As the parent company of Xingheng New Materials, Xingheng Power has been deeply engaged in the field of lithium batteries for nearly 20 years, and its products are widely used in new energy fields such as electric vehicles, home/commercial energy storage, and light electric vehicles. As of 2022, the cumulative global sales of Xingheng lithium batteries exceeded 25 million units, with a deep market foundation and strong industry influence.
Feng Xiao, Chairman and President of Xingheng Power, is full of confidence and expectation for this cooperation. At the signing ceremony, he stated that new energy enterprises need to actively assume social responsibility while developing themselves, so that sustainable development measures such as green, low-carbon, and resource recycling can truly be implemented. The goal of Xingheng’s battery recycling and reuse plan is to turn waste into valuable “urban mines”. We look forward to working with Bocui to achieve new breakthroughs in model innovation, technological innovation, process innovation, and other aspects, promoting the construction of a battery recycling system, not only finding new growth points for both sides, but also increasing the supply of core resources to the market and accelerating the popularization of new energy.
Bocui Cycle aims to help the new energy industry achieve clean and low-carbon throughout its entire life cycle. It has a complete set of solutions for the recycling and utilization of battery metals and rare and precious metal resources and materials. It has provided industrial consulting, technical services, engineering design, development of distributed intelligent automation equipment with a capacity of 1000 tons, and large-scale engineering projects with a capacity of 10000 tons for nearly ten of the world’s top 500 enterprises in the energy field, as well as leading enterprises in the domestic battery and energy field Supply and operation, strong technical strength, rich engineering experience.
Lin Xiao, Chairman and General Manager of Bocui Recycling, said that with the help of Xingheng’s large platform, Bocui Recycling can fully validate and realize its own technology and solutions in material recycling, and achieve industrialization and landing faster. In this cooperation, Bocui’s innovative technology, advanced equipment and processes can provide Xingheng New Materials with recycling solutions for key materials of manganese based batteries, achieve cost reduction and efficiency increase, jointly promote renewable resources, extend the industrial chain to multiple ends, and climb the value chain to the high-end, exploring a model for the green development of the new energy industry.
After the conclusion of this strategic cooperation, the two sides will focus on the disassembly and metallurgy of waste batteries, and the decontamination and repair of positive electrode materials. Through projects such as manganese based battery positive electrode material recovery technology, lithium manganate/lithium ferromanganese phosphate positive electrode plate direct repair industrialization verification, production line, and equipment design, the two sides will extract a high proportion of core raw materials such as manganese, cobalt, nickel, and lithium from retired power batteries, improve material recycling efficiency, and reduce carbon emissions, Achieve green and low-carbon development of the new energy industry.
This strong alliance, relying on Xingheng’s industry resources, brand strength, market scale, and the leading technology, advanced processes, and solutions of Bocui Cycle, with the synergy of complementary advantages and resource sharing between both parties, will be able to successfully build a green, safe, and efficient cycle utilization system for manganese based batteries, improve the utilization efficiency of rare resources such as manganese, cobalt, nickel, and lithium, and fully reuse the value of lithium batteries throughout their life cycle, Powerfully promoting the sustainable development of the new energy industry