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

In response to investors' questions, GEM said that the recycling volume of power batteries will reach 27,454 tons in 2023, accounting for more than 10% of the total retired power batteries in China. In addition, the recycling business achieved operating income of 1.131 billion yuan, accounting for 3.71% of the company's total revenue.