Beichen Advanced Recycling Technology (Qingdao) Co., Ltd. expands overseas power battery recycling market

Zhang Tao, chairman of Beichen Advanced Recycling Technology (Qingdao) Co., Ltd., said that the company will enter the Middle East and Southeast Asian markets to expand its power battery recycling business. Power batteries account for 40% of the cost of new energy vehicles and have a service life of about 5 to 8 years. At present, the company has established retired lithium-ion battery recycling production lines in Shanghai and Yancheng, and plans to expand overseas markets in the future, especially in Middle Eastern countries seeking green and low-carbon transformation.