Li Zhong Group and Nio signed a memorandum of understanding to deepen cooperation in the field of vehicle material recycling

According to the news from Zhitong Finance and Economics APP, LIZHONG Group (300428.SZ) announced that the company has signed a "Memorandum of Cooperation" with Nio Limited. Both parties will further cooperate in the field of vehicle material recycling, fully leverage their respective strengths, jointly expand the application scope of sustainable recycled materials, enhance the depth and efficiency of cooperation with dismantling partners, and explore the potential value points of vehicle recycling beyond the existing dismantling, smelting, and processing models. The goal is to maximize the added value of vehicle material recycling and achieve economic benefits from the circular economy of vehicle materials.

The announcement stated that the company's cooperation with Nio Limited in the field of vehicle material recycling will fully leverage its industry-leading advantages in recycling of secondary aluminum, processing, and manufacturing of low-carbon aluminum alloy wheels. This collaboration aims to further enhance the depth and efficiency of cooperation with upstream dismantling partners, strengthen cooperation with downstream component manufacturers, and jointly explore the potential value points of vehicle recycling with Nio Limited. The objective is to maximize the added value of vehicle material recycling and achieve economic benefits from the circular economy of vehicle materials