Beijing Easpring Material Technology (300073.SZ) plans to invest in the North Mining Capital Environment Technology to implement the green recycling project for waste lithium-ion power batteries.

Beijing Easpring Material Technology (300073.SZ) announced that the company, Beijing Beikuang Environmental Technology Co., Ltd., Pizhou Circular Economy Industrial Park Development and Construction Co., Ltd., and Chengtong Innovation Investment Fund (Beijing) Partnership Enterprise (Limited Partnership) ("Chengtong Innovation Investment Fund") signed an "Investment Cooperation Agreement" on October 16, 2025. They plan to jointly establish a joint venture company, Beikuang Environmental Technology (Jiangsu) Co., Ltd., in Pizhou City, Jiangsu Province, responsible for the green recycling of waste lithium-ion power batteries and other businesses. The registered capital of the joint venture company is 788 million yuan, of which the company plans to subscribe for a capital contribution of 78.8 million yuan in cash, holding a 10% equity stake in the joint venture company. According to the announcement, the joint venture company will invest in the construction of the "Waste Lithium-ion Power Battery Green Recycling Project" after its establishment. The project is located in the chemical industrial park of Pizhou Economic Development Zone in Jiangsu Province. The project will be built in two phases, with the second phase being a long-term plan. The specific construction content and scale will be decided based on market conditions, technological upgrades, and other factors. The planned scale for the first phase includes a dismantling and crushing capacity of 10,000 tons/year for battery packs, a processing capacity of 32,000 tons/year for ternary black powder, and a processing capacity of 1,500 tons/year for waste catalysts. It will also produce 11,000 tons/year of ternary precursor and 5,460.50 tons/year of lithium carbonate.