Chinese battery materials producer GEM Co has signed a five-year strategic cooperation framework agreement with Shanghai-listed battery manufacturer Farasis Energy to recycle spent electric vehicle batteries and battery scrap in China.
Under the framework agreement, GEM will recycle, dismantle and re-use spent batteries and battery scrap from Farasis Energy, with prices to be led by market conditions, the recycling company said on Wednesday August 18.
The spent batteries and battery scrap covered by the...