In an announcement issued by the Ministry of Industry and Information Technology on January 21, it was shown that CNGR was selected into the second batch of "Industrial Standard Conditions for Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles", which not only marked CNGR's formal qualification as a power battery recycling enterprise for new energy vehicles, but also a solid step for enterprises to move towards the most valuable integrated service provider of new energy materials in the world.

In recent years, with the rapid development of electric vehicles, the power battery recycling industry has mushroomed rapidly in the world. With strong technical advantages, CNGR seized the opportunity and laid out the recycling of lithium batteries in advance.
In December last year, with the successful listing of CNGR shares in Shenzhen Stock Exchange, CNGR's recycling industry entered a new stage.This time successfully selected into the "white list", CNGR New Materials will have the opportunity to further deepen the close cooperation with domestic and foreign quality suppliers and customers, and provide sufficient conditions for the development of many businesses;The strong support and recognition from the state and the government also provided a stronger impetus for CNGR Cycle to become an industry benchmark.