New Trend: Central Enterprise Invests 650 Million Yuan to Establish Battery Recycling Company

Recently, Beijing Beikuang Resources and Environment Technology Co., Ltd. was officially established, with Zhang Xudong as the legal representative and a registered capital of 650 million RMB. Its business scope covers the R&D of resource recycling technologies, new material technologies, and the recycling and cascade utilization of used power batteries from new energy vehicles, among others.

It is worth noting that the company is a wholly-owned subsidiary of China Minmetals Nonferrous Metals Co., Ltd., which is a central enterprise under the State-owned Assets Supervision and Administration Commission of the State Council. As a technological development base in the field of mineral resource development and utilization in China, it is also a main force in national scientific and technological innovation.

The establishment of Beijing Beikuang Zihuan Technology Co., Ltd. is an important move by the China ENFI Engineering Corporation to align with industry development trends and to preemptively position itself in the battery recycling market. This not only helps it gain a competitive edge in future market competition but also signifies the addition of a significant force to China's new energy vehicle power battery recycling and processing sector.