Huayou Recycling is a wholly-owned subsidiary of Huayou Cobalt. As one of the first compliant enterprises for comprehensive utilization of used power batteries in China, Huayou Recycling is committed to building an integrated battery management system for the global lithium battery recycling industry, focusing on battery asset management, directional closed-loop recycling, battery second use and recycling and other fields. Based on the successful case of low carbon management of the whole life cycle of power batteries in the Chinese market, Huayou Recycling aims to pioneer new market formats and to establish strategic partnerships in the global lithium battery industry.