On the afternoon of March 28 local time,CNGR and Doosan Recycling Solution,a battery recycling subsidiary of Doosan Enerbility,signed a cooperation agreement on battery recycling business in Frankfurt,Germany.Choi Jaehyuk,the representative of Doosan Recycling Solution,and Bai Junxie,the Deputy General Manager of the Recycling Department of CNGR,attended the signing ceremony.

  According to the framework agreement,both parties will collaborate in the future on lithium extraction from battery black mass.Based on the framework agreement,they will establish a long-term and stable cooperative relationship through an off-take agreement,leveraging their respective technological advantages to jointly promote the development of the recycling business.
  It is understood that Doosan Recycling Solution's independently developed lithium recovery technology for battery black mass boasts advantages such as high economic efficiency,environmental friendliness,and high recovery rates.Through this collaboration,CNGR will further improve its global recycling business layout,realizing the circular recycling of waste batteries in a more economical and environmentally friendly manner.This will have a positive impact on the company's compliance with the US IRA Act and the European Union's obligations regarding the reuse of critical raw materials under its core raw materials law.
  CNGR has been selected for the list of enterprises that meet the"Comprehensive Utilization Industry Norms for Scrap Power Batteries of New Energy Vehicles"announced by the Ministry of Industry and Information Technology of China,and has obtained dual qualifications for"cascade utilization"and"regenerative utilization".In terms of global recycling business layout,CNGR has frequently taken actions by collaborating with multiple outstanding domestic and international companies.The company is committed to minimizing the environmental impact of waste batteries,continuously increasing the utilization rate of core raw materials for its products,and achieving zero waste,low carbon,and recyclability with a responsible attitude,thereby contributing to the green and sustainable development of the industrial chain.