Honeycomb Energy announces its official entry into the field of battery recycling

Honeycomb Energy announced that it has officially entered the field of battery recycling.

Honeycomb Energy stated that Ivyng Green Renewable Resources (Shangrao) Co., Ltd., which is 100% controlled by Honeycomb Energy, and Guizhou Zhongwei Resource Recycling Industry Development Co., Ltd., a subsidiary of Zhongwei New Materials Co., Ltd., are a joint venture established by Ivy League. Renewable Resources (Shangrao) Co., Ltd. (hereinafter referred to as "Ivy League Company") was officially launched in Shangrao, Jiangxi Province. This move marks the official announcement of Honeycomb Energy's entry into the field of battery recycling.

Ivy League will use the four-stage physical crushing treatment method to harmlessly disassemble the scrapped batteries, pole groups and pole pieces into black powder, copper powder and aluminum powder. While achieving environmental protection, black powder can be realized. The recovery rate reaches 99% , which maximizes the recovery efficiency and reduces the subsequent hydrometallurgical smelting cost.

In addition, Honeycomb Energy disassembles the scrapped batteries into black powder through Ivy League, and then imports them into the Honeycomb supplier system for hydrometallurgy, and further manufactures precursors and cathode materials. The joint venture is planned to be constructed in two phases, and a production line for dismantling and recycling pole pieces and batteries will be built .