GEM's power battery recycling volume reached 27,454 tons in 2023

In 2023, GEM's power battery recycling business has achieved remarkable results. The number of recycled and disassembled power batteries reached 27,454 tons, a year-on-year increase of 57.49%, accounting for more than 10% of China's total retired power batteries. In addition, the company's lithium carbonate recycling capacity has also been expanded to 10,000 tons/year, and the lithium recycling rate exceeds 95%.