Strategic Cooperation between SVOLT and Huayou Cobalt

On January 18, SVOLT Energy Technology Co., Ltd. and Zhejiang Huayou Cobalt Co., Ltd. signed a strategic cooperation agreement at the headquarters of Huayou Cobalt in Tongxiang. The two sides will make use of their respective advantages to cooperate in Lithium-ion battery recycling and carbon emissions reduction, to improve the competitiveness of the supply chain.

Mr. Yang Hongxin, president of SVOLT, and Masai, the director of Purchasing Department of SVOLT, Mr. Chen Xuehua, chairman of Huayou Cobalt , Fang Qixue, vice chairman of Huayou Cobalt, and Bao Wei, president assistant of Huayou Cobalt, have attended the signing ceremony.

At the signing ceremony, Mr. Chen Xuehua has introduced the industrial layout and development plan of Huayou Cobalt. Mr. Chen also expressed that Huayou Cobalt is willing to work closely with all relevant parties to create a new development model of lithium-ion battery, constantly explore the potential of cooperation, and achieve a win-win situation.

Mr. Yang Hongxin has provided more details about the basic situation and development plan of SVOLT, and gave a positive attitude towards the development of Huayou Cobalt. Mr. Yang also expressed the good will of cooperation of both sides in domestic and European battery recycling, carbon emissions reduction, and he is full of confidence in the vast development prospect of Huayou Cobalt.