Shandong Province's major projects started construction in batches, including Xinwangda's 100,000-ton lithium battery recycling and new energy storage smart manufacturing project

1,007 major projects in Shandong Province have started construction intensively, including Xinwanda's 100,000-ton lithium battery recycling and new energy storage intelligent manufacturing projects. The project is located in the New Energy Industrial Park of Tengzhou High-speed Railway New Area, with an investment of 6.2 billion yuan, and is expected to be completed by the end of the year. The project innovatively uses charged cracking technology, which significantly improves the recovery rate of rare metals such as lithium, nickel, cobalt and manganese, and reduces the cost by 40% compared with traditional processes. It is also planning a container energy storage system with an annual output of 5GWh.