Recently, Battery Science & Technology and Sany have reached a strategic and long-term cooperation on the battery bank and recycling of decommissioned power batteries. They have worked together to establish a power battery recycling network and actively promote the development of new energy industry.

Sany is a famous construction machinery and equipment manufacturing enterprise in China, ranking among the top 50 construction machinery manufacturers in the world. Sany has now set up Hunan Xingbida Net-link Technology Co., Ltd. (hereinafter referred to as "Xingbida"), as a platform of application and innovation targeting new energy vehicles, with its businesses including sales of battery change station, vehicle rental service, sales of charging and battery change devices, customized vehicle development and design, battery rental service, etc.

Both parties will, through cooperation based on Xingbida, complement their resources and boost cooperation between upstream and downstream companies of the industrial chain to build recycling channels, thereby promoting a safe cascade utilization of waste power batteries in the fields of power preparation, charging and battery change.

Battery Science & Technology is an important industrial layout subsidiary of Luen Mei Group. As a chief participant in the formulation of national standards for power battery recycling, Battery Science & Technology has the leading technology for electrified crushing of decommissioned power batteries in China. It is committed to establishing a closed-loop industrial chain for the full life cycle of power batteries, focusing on battery banking + cascade utilization + recycling and other links, building an ecological chain of battery banking financial services and recycling, improving the level of resource recycling, and forming a unique and innovative development model.

The technology of electrified crushing of decommissioned power batteries is independently developed by Battery Science & Technology, which is safe and efficient, free of waste water, exhaust gas and waste emission. 20 related patents are thereby held by the company. Professional appraisals have been conducted for many times by China National Resources Recycling Association and China Association of Environmental Protection Industry, which found that "the technological achievements of Battery Science & Technology have reached the advanced level in China, and those in automation equipment and process control have reached the international advanced level."

Five of the eight national standards, including Dismantling Specifications and Recycling Power Batteries Used in Electric Vehicles drafted by Battery Science & Technology, have now been put into implementation, which has greatly promoted the standardized development of the Chinese decommissioned power battery recycling industry.

According to the Implementation Plan on Accelerating the Integrated Utilization of Industrial Resources jointly issued by the Ministry of Industry and Information Technology, National Development and Reform Commission and Ministry of Science and Technology, China will continue to improve the recycling system of waste power battery, promote the safe cascade utilization of waste power batteries in the fields of power preparation, charging and battery change. A number of cascade and recycling demonstration projects will be built in key areas such as Beijing-Tianjin-Hebei Region, Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area, and a group of key enterprises in cascade and recycling of waste batteries will be cultivated, and efforts in R&D and promotion of technologies such as nondestructive testing of power batteries, automatic disassembly and efficient extraction of valuable metals will also be intensified.