On February 10th, the strategic cooperation signing ceremony between Xingheng New Material Technology (Chuzhou) Co., Ltd. and Suzhou Bocui Recycling Technology Co., Ltd. was successfully held at Xingheng Power Suzhou headquarters. Both sides announced that they will conduct comprehensive and in-depth cooperation in manganese battery recycling, material repair, metal extraction, and equity investment, focusing on the field of manganese battery recycling and jointly opening up a high-quality development path. Efficiency, high efficiency, high value. This cooperation is another significant implementation of the ecological layout strategy of the lithium battery industry chain of Xingheng Power.
Feng Xiaoxing, Chairman and President of Xingheng Power Supply Co., Ltd. Yu Min, General Manager of Xingheng New Materials Technology (Chuzhou) Co., Ltd. Shi Xiaoxing, Wang Yu, General Manager of Xingheng Power Supply Public Relations Center, Lin Xiao, Secretary of the Board of Directors, Wang Xue, Chairman and General Manager of Suzhou Bocui Recycling Technology Co., Ltd., Marketing Director, Liu Gangfeng, Technical Director, and Liu Chunwei, Director of Strategy Department, attended the signing ceremony.
In recent years, the new energy industry has achieved rapid development. China has become the world’s largest producer and seller of lithium batteries, with a significant increase in installed capacity year by year. However, with the arrival of the peak period of power battery retirement, the recycling and reuse of waste batteries has become an urgent problem in the industry, and it is also 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 reuse of manganese based batteries. Adhering to 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 of the circular cooperation between Xingheng New Materials and Bocui.
As the parent company of Xingheng New Materials, Xingheng Power has been deeply involved in the lithium battery field for nearly 20 years, and its products are widely used in electric vehicles, household/commercial energy storage, light electric vehicles, etc. By 2022, the total global sales of Xingheng lithium batteries will exceed 25 million units, with a strong market foundation and strong industry influence.
Feng Xiao, Chairman and President of Xingheng Power, is confident and looking forward to this cooperation. At the signing ceremony, he stated that new energy enterprises need to take the initiative to assume social responsibility while developing themselves, and truly implement green, low-carbon, and resource cycle sustainable development measures. The purpose of Xingheng’s layout for battery recycling is to turn this highly valuable “urban mine” into a treasure. We look forward to working together with Bocui to achieve new breakthroughs in model innovation, technological innovation, process innovation, and other aspects, promote the construction of battery recycling system, and not only seek new growth points for both sides,
Bocui Cycle aims to promote clean and low-carbon development throughout the entire lifecycle of the new energy industry. It has a complete set of solutions for the recycling and utilization of battery metal and rare and precious metal resource materials, and provides industry consulting, technical services, engineering design, and kiloton level distributed intelligent automation equipment. It has developed large-scale and ten thousand ton level engineering projects for nearly ten Fortune 500 energy industry enterprises and domestic leading enterprises in the battery and field, Strong technical strength and rich engineering experience. https://store.stoneitech.com/
Lin Xiao, Chairman and General Manager of Bocui Recycling, stated that with the help of the large platform of Xingheng, Bocui Recycling can fully verify and implement its own technology and solutions in material recycling, and achieve faster industrialization and landing. In this cooperation, Bocui’s innovative technology, advanced equipment and processes can provide Xingheng New Materials with a recycling solution for key materials of manganese based batteries, achieving cost reduction and efficiency increase, and jointly promoting resource recycling and industrial extension. Extend the chain to multiple ends, upgrade the value chain to the high-end, and explore a green development model for the new energy industry.
After the strategic cooperation is reached, both parties will carry out cooperation around the dismantling and metallurgy of waste batteries, purification and repair of positive electrode materials, and other aspects. Through projects such as manganese based battery positive electrode material recycling technology, industrial verification of direct repair of lithium manganese oxide/lithium manganese iron phosphate positive electrode plates, production line and equipment design, core raw materials such as manganese, cobalt, nickel, and lithium will be extracted at a high proportion from retired power batteries, improving material recycling and utilization efficiency, reducing carbon emissions, and achieving green and low-carbon development of the new energy industry.
This strong alliance, relying on the industry resources, brand strength, and market scale of Xingheng, as well as the leading technology, advanced technology, and solutions of Bocui Cycle, will successfully build a green, safe, and efficient manganese based battery cycle utilization system with complementary advantages and resource sharing, improve the utilization efficiency of rare resources such as manganese, cobalt, nickel, and lithium, and fully leverage the full lifecycle value of lithium batteries, Vigorously promote the sustainable development of the new energy industry.