Beijing Easpring Material Technology to Co-Invest 788 Million Yuan in Joint Venture

Deep News10-16

Beijing Easpring Material Technology Co., Ltd. announced that it has signed an "Investment Cooperation Agreement" on October 16, 2025, with Beijing Beikang Zihuan Technology Co., Ltd., Pizhou Circular Economy Industrial Park Development and Construction Co., Ltd., and Chengtong Science and Technology Investment Fund (Beijing) Partnership (Limited Partnership). The parties plan to jointly invest in establishing a joint venture named Beikang Zihuan Technology (Jiangsu) Co., Ltd. in Pizhou City, Jiangsu Province. The registered capital of the joint venture will be 788 million yuan, with the company contributing 78.88 million yuan in cash to hold a 10% stake. Once established, the joint venture will invest in a project for the green recycling of used lithium-ion power batteries, which will be constructed in two phases. The first phase is expected to include a battery pack disassembly and crushing capacity of 10,000 tons per year, a processing capacity for ternary black powder of 32,000 tons per year, a waste catalyst treatment capacity of 1,500 tons per year, the production of 11,000 tons per year of ternary precursors, and 5,460.5 tons per year of lithium carbonate.

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