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[Apha Biz=(Chicago) Reporter Paul Lee] Youngpoong is entering the European waste battery business after the United States
Youngpoong is working with AJ Networks to secure a supply chain for waste batteries in Europe.
Youngpoong announced on the 15th that it has signed a memorandum of understanding (MOU) with AJ Networks on strategic collaboration of global value chain for battery resource circulation.
The two companies decided to promote battery recycling commercialization and build a supply chain through this agreement. In the future, AJ Networks will take charge of overall transportation and logistics, including used batteries and scraps (including defective products generated in the battery manufacturing process) generated in Europe, while Youngpoong will recycle waste batteries brought from Europe through a "dry and wet integrated resource recycling process."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
