Recycling Industry, A Blue Ocean Worth Hundreds of Billions

Data shows that power batteries for new energy vehicles in China have been in a phase of retirement in a large scale. By 2030, the market for power battery recycling is expected to achieve over RMB 100 billion. Currently, the traditional recycling industry faces challenges such as low resource utilization rate, uneven recycling technology levels, and poor synergy across the upstream and downstream segments of the industrial chain. Seizing industry demands, China Haisum has established a professional team and strategically positioned itself in the power battery recycling sector.

[Strengthening Advantages: Building a New System to Address Industry Issues]

With deep expertise in the new energy materials industry, China Haisum possesses core technologies for extracting lithium, nickel, cobalt, and manganese from ores, as well as the technologies for recycling spent lithium batteries. Therefore, it is imperative to optimize key technologies for recycling spent lithium batteries and achieve full industrial chain service capabilities for lithium battery projects.

To tackle common industry challenges, China Haisum has established an interdisciplinary innovation team in the form of industry-university-research cooperation through collaboration of upstream and downstream sectors across the industrial chain. They have carried out the research and development of key technologies for green recycling of LFP batteries, and built a "1+2+3" lithium iron phosphate recycling technology application system consisting of one advanced process, two monitoring systems, and three supporting systems, realizing innovative integration of research and production, and providing systematic and complete solutions for lithium battery recycling.

[Deep Integration: Lean Management Optimizes the Entire Process]

During technology development and application, guided by the P8 lean management philosophy ("Eight-Dimension Lean"), the team meticulously optimize all project processes, and make continuous improvement in various technologies in the three critical stages - leaching, impurity removal and lithium precipitation, to minimize lithium loss at every phase and achieve deep integration of technological innovation and lean management.

Additionally, the team reprocesses waste residue after lithium extracting through high-acid leaching to produce battery-grade iron phosphate products, maximizing resource value while enhancing environmental and economic benefits. These achievements have been successfully applied in a spent LFP battery recycling project undertaken by China Haisum CEC, setting a benchmark for the industry.

[Delivering Results: Expanding Collaboration to Foster New Productive Forces]

Tangible outcomes are the ultimate measure of success. In recent years, China Haisum CEC has established deep collaborations with several industry-leading battery recycling companies, injecting strong impetus into battery recycling projects with advanced processes and technology innovation, effectively supporting China's "carbon peaking and carbon neutrality" strategy and driving green sustainable development. In 2024, the company secured new engineering service contracts worth RMB 48.76 million, and is expected to get engineering service contracts worth over RMB 500 million in the next five years.

In the future, the company will leverage its core strengths to drive continuous technological innovation and digital-intelligent transformation, actively foster new productive forces, enhance scientific innovation capabilities and core competitiveness, accelerate the strategic development of emerging industries, and build momentum for creating a second growth curve.