Miracle Automation and SVOLT Energy to jointly build LFP battery recycling project

Miracle Automation announced on February 8 that the company plans to sign an investment agreement with SVOLT Energy.Asian Metal Copyright The company plans to contribute 66.Asian Metal Copyright Both parties plan to establish a joint venture directly or through their subsidiaries, and take the joint venture as the main body to build a new hydrometallurgical project for the recycling and utilization of waste LFP battery in Shangrao, Jiangxi.Asian Metal Copyright87 million US dollars to the joint venture whose registered capital is 137 million yuan 20.Asian Metal Copyright The company plans to contribute 66.Asian Metal Copyright93 million yuan 9.Asian Metal Copyright93 million yuan (9.Asian Metal Copyright .Asian Metal Copyright87 million US dollars) to the joint venture whose registered capital is 137 million yuan (20.Asian Metal Copyright Both parties plan to establish a joint venture directly or through their subsidiaries, and take the joint venture as the main body to build a new hydrometallurgical project for the recycling and utilization of waste LFP battery in Shangrao, Jiangxi.Asian Metal Copyright19 million US dollars), and will hold 49% of its equity.Asian Metal Copyright The annual capacity of the project is 5,000t of lithium carbonate and 20,000t of ferric phosphate, and the investment amount of the project is about 670 million yuan 98.Asian Metal Copyright The annual capacity of the project is 5,000t of lithium carbonate and 20,000t of ferric phosphate, and the investment amount of the project is about 670 million yuan (98.Asian Metal Copyright87 million US dollars to the joint venture whose registered capital is 137 million yuan 20.Asian Metal Copyright76 million US dollars).
.Asian Metal Copyright19 million US dollars, and will hold 49% of its equityAsian Metal Copyright