The international competition in the global new energy battery materials industry is intensifying, with green, circular, low-cost, and high-performance materials becoming the key to winning the next round of competition. On July 10, 2024, subsidiaries of GEM, Fu'an Qingmei Energy Materials Co., Ltd. , Wuhan Power Battery Recycling Technology Co., Ltd. , and Shenzhen Eigen Equation Graphene Technology Co., Ltd. (hereinafter referred to as "Eigen Equation") jointly signed the "Strategic Cooperation Agreement on the Joint Development of Graphene Lithium Iron (Manganese) Phosphate Material Industrialization Technology and Market Promotion." Professor Liu Jianhong, Chairman of Eigen Equation, and Professor Xu Kaihua, Chairman of GEM, jointly attended and witnessed the signing.

The three parties will combine their technological, industrial, and market advantages to jointly develop the industrialization technology for graphene-enhanced lithium iron (manganese) phosphate materials, starting with the recycling and utilization of lithium iron phosphate batteries and waste. By using graphene technology to improve the conductivity and electrochemical performance of recycled and remanufactured lithium iron (manganese) phosphate materials, the energy density and cycle life of the batteries can be increased, enabling the high-value reuse of recycled lithium iron (manganese) phosphate materials. At the same time, the parties will fully leverage their industry chain advantages to promote the adoption of graphene lithium iron (manganese) phosphate cathode materials by leading battery manufacturers and automotive companies. This initiative aims to meet carbon footprint requirements and rapidly penetrate the global market. The goal is to establish a world-class manufacturing base for graphene lithium iron (manganese) phosphate cathode materials, addressing the future challenges of recycling lithium iron (manganese) phosphate batteries in an environmentally friendly and economically viable manner, thereby promoting green and sustainable development in the global new energy sector.

At the signing ceremony, Chairman Liu Jianhong provided a detailed introduction to the proprietary graphene technology, expressing his anticipation for deep collaboration with GEM to accelerate the industrialization of graphene lithium iron (manganese) phosphate cathode materials, transform waste into wealth.

Chairman Xu Kaihua stated that despite the current severe global industry situation, we must always remain hopeful, and hope stems from innovation. The global development trend of the "new three" represented by new energy vehicles, lithium batteries, and photovoltaic products has not changed. We must firmly believe in the future of the new energy industry. He noted that ten years ago, Eigen Equation sounded the bugle for the research and development of graphene technology. Today, ten years later, GEM and Eigen Equation have jointly sounded the bugle for the industrialization of graphene. This collaboration to develop the industrialization technology for graphene lithium iron (manganese) phosphate materials will establish a world-leading manufacturing base for graphene lithium iron (manganese) phosphate cathode materials, positioning them as drivers and leaders in the industry.

Subsequently, Chen Wenpei, General Manager of the Production Department at Eigen Equation, Lei Jie, General Manager of Fu’an Qingmei, and Huang Dongbo, Deputy General Manager of Power Recycling, signed the agreement on behalf of the three parties.

Eigen Equation has focused on graphene innovation for over a decade, having completed preliminary development work on high-capacity graphene-coated lithium iron phosphate (LFP) cathode materials. Fu’an Qingmei has already completed the construction and production of a 20,000-ton production line for LFP cathode materials, establishing a solid industrial foundation. Power Recycling is a global leader in battery recycling and reuse, specializing in the remanufacturing of battery-grade lithium iron phosphate (LFP) and lithium carbonate, with partnerships in directed recycling with over 800 mainstream battery and electric vehicle manufacturers worldwide. They possess the capability to manufacture tens of thousands of tons of recycled battery-grade LFP and battery-grade lithium carbonate.This three-party collaboration aims to jointly promote the industrial application of graphene-enhanced lithium iron phosphate (LFP) materials, facilitating their integration into mainstream battery and electric vehicle manufacturing plants. This effort will establish a directed recycling industry chain for LFP materials, connecting "vehicle manufacturers—battery manufacturers—recycling plants." The goal is to enhance recycled materials through modification and upgrades, meeting the green, circular, low-cost, and high-performance requirements of new energy materials. This initiative aims to address carbon footprint concerns and drive high-quality development of new productive forces.

The team from Eigen Equation, along with Dr. Zhang Yuping, Vice General Manager of GEM and Chairman of Power Recycling, Dr. Zhang Kun,Vice General Manager of GEM and Dean of the Central Research Institute, Secretary of the Board of Directors Pan Hua, Assistant General Manager of GEM Dong Yuebin, and Chairman Bai Liang of Fu'an Qingmei, attended the signing ceremony.

GEM Fu'an Qingmei, Power Recycling, and Eigen Equation signed a strategic cooperation agreement

GEM and representatives from Eigen Equation engaged in discussions and exchanges during the conference

Professor Liu Jianhong, Chairman of Eigen Equation, delivered a speech

Professor Xu Kaihua, Chairman of GEM, delivered a speech