Jiangsu Huayou Energy Technology Co., Ltd. was established, mainly engaged in the cascade utilization and energy storage business of retired power batteries

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Jiangsu Huayou Energy Technology Co., Ltd. was established in Jiangning Development Zone, jointly invested by Huayou Cobalt, Toyota Tsusho Corporation and China Merchants Investment Development Co., Ltd., a Fortune 500 company. The company focuses on the cascade utilization and energy storage business of retired power batteries, and is committed to promoting the development of the power battery recycling industry.