At present, the new EU battery law has come into effect, and the requirement for scrapped batteries to be transported back to the producing country means that Chinese electric vehicle companies need to establish a sound battery recycling network in Europe, which also provides a rare opportunity for battery recycling companies to layout in the European market.

On June 4th, at the 2nd China International Power Battery Recycling Summit, representatives from RIKOMAY gave a special report on "Key Technologies and Industrialization of Physical Direct Regeneration and Recycling of Retired Power Batteries".

RIKOMAY focuses on the key pain points of lithium battery recycling: secondary pollution and high cost. Through technological research and development innovation, it has solved the global problems of complete technology and equipment for the recycling and utilization of waste lithium batteries. Through the innovation of the entire chain including basic theory, process development, and complete equipment development, it promotes the recycling of key materials for lithium batteries in a green, clean, efficient, and economical way.

More than 30 representatives from overseas recycling companies participated in this enterprise exchange, and RIKOMAY hosted an industry symposium. At the meeting, Cao Yuancheng, Chairman of RIKOMAY, introduced the company's technological characteristics and recycling business situation. He shared, "The wave of lithium battery industry chain going global is driving terminal battery recycling enterprises to go global. RIKOMAY's self-developed short process dry recycling technology for retired power batteries can achieve a reduction of carbon emissions by more than 50% compared to the industry level, helping domestic and foreign lithium battery enterprises adapt to the increasingly strict environmental policies in overseas markets.

After the symposium, Chairman Cao Yuancheng led a foreign delegation to visit the Foshan recycling production line and the enterprise exhibition hall, further explaining the production process, products, and technological innovations. 

This exchange activity has led to the intention of cooperation between RIKOMAY and more than ten overseas leading recycling companies, greatly enhancing the company's international influence and having important significance for promoting the leapfrog development of RIKOMAY's recycling business.