Tianyuan Co., Ltd. and Gemmei Subsidiary signed an investment framework agreement for the construction of Yibin New Energy Circular Economy Zero Carbon Demonstration Industrial Park

Tianyuan announced that the company, Wuhan Power Battery Regeneration Technology Co., Ltd., a subsidiary of Gemma, and Gao County People's Government of Yibin City, Sichuan Province jointly signed the "Yibin New Energy Circular Economy Zero Carbon Demonstration Industrial Park Project Investment Framework Agreement" on June 9, 2023, and all parties to the agreement reached an agreement on matters related to the Yibin New Energy Circular Economy Zero Carbon Demonstration Industrial Park project. The project is expected to invest 1.71 billion yuan. It is planned to build a 100,000-ton remanufacturing production line for retired power batteries and battery waste, a 50,000-ton lithium iron phosphate material remanufacturing production line, and a 3GWh remanufacturing energy storage battery pack production line in Yibin Circular Economy Industrial Park. Three sub-projects. The signing of this agreement is conducive to integrating the advantages and resources of all parties and carrying out in-depth cooperation in the fields of circular economy such as tiered utilization of retired power batteries and resource treatment of used batteries.