Nandu Power Plus Lithium Battery Industry Chain

Nandu Power recently issued an announcement saying that in order to meet market demand and improve its core competitiveness, the company intends to use its own capital of RMB 10 million to establish a wholly-owned subsidiary, Anhui Nandu Huabo Platinum New Materials Technology Co., Ltd. (hereinafter referred to as "Duhuabo New Materials"). Lithium power recovery and new materials business, Open up lithium electric industry chain.

The purpose and impact of this foreign investment, Nandu power said that with the rapid development of new energy vehicles and lithium power for energy storage, the scale of the lithium power industry has rapidly expanded, and the demand for battery materials is huge. At the same time, lithium batteries are scrapped and recycled. The peak is coming. Based on the closed loop of the lead battery industry chain, the company has invested in establishing a wholly-owned subsidiary to carry out lithium ion battery recovery and new materials business, which is conducive to the company's rapid creation of "products and systems-operation services-recycling and reuse-new materials". Lithium-electric complete industrial chain. Enhance the core competitiveness and continuous profitability of the company. At the same time, based on the company's original recycling system for used batteries and the recycling of environment-friendly resources, the advantages of industry technology, production capacity and market advantages, this investment and the establishment of a subsidiary company will help the company further build a circular economy industrial platform, improve the industrial layout, and achieve industrial synergy. It will lay a solid foundation for the company's transformation into a system integration and operation service strategy.

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