Ni Hsin to partner Sirim in setting up lithium-ion battery recycling plant

From left: Sirim industrial research senior vice-president Mohd Azanuddin Salleh, Sirim president and group CEO Datuk Indera Ahamad Sabirin Arshad, Ni Hsin chairman Sofiyan Yahya, Ni Hsin EV tech managing director Steven Khoo Chee Kong and executive director Rizvi Abdul Halim

KUALA LUMPUR: Ni Hsin Group Bhd's subsidiary Ni Hsin EV Tech Sdn Bhd has entered into a collaboration with Sirim Bhd for the setting up of a lithium-ion battery (LIB)recycling plants in Malaysia through a public-private partnership funding model.

It said the partnership will also explore the provision of an eco-system for a circular economy model in mitigating the impact on the environment as a result of LIB being processed illegally in Malaysia, the potential for setting up a lithium-ion battery manufacturing plant in Malaysia and introducing a lithium-ion battery recycling policy working with the Malaysian government.