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GEM signed a memorandum of cooperation with the Hungarian Consulate General in Shanghai

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GEM issued an announcement stating that the company and the Hungarian Consulate General in Shanghai, after friendly discussions, signed the "Production and Scrap of High Nickel Precursors for New Energy Vehicles" on the investment in the production of high-nickel precursors for new energy vehicles and the recycling and recovery of scrapped power batteries. The Memorandum of Understanding on Power Battery Recycling and Recycling Projects, the two parties hope to build a European-leading, world-standard new energy circular economy industrial base in Hungary.


The signing of a memorandum of cooperation with the Hungarian Consulate General in Shanghai this time will cooperate well with the issuance of the company's GDR, meet the requirements of downstream customers for localized supply in Europe, and consolidate the company's core position in the global market for ternary precursors. This move also marks the further promotion of GEM's internationalization strategy.


China's Ministry of Commerce said the two sides will promote cooperation between the two countries by establishing a mechanism for irregular high-level meetings and regular consultations, daily liaison and information reporting.


Source of article/picture: Sina

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