The waste lithium battery recycling section is located in Deqing County, Huzhou City, Zhejiang Province. The main products it produces, such as cobalt salts, nickel salts, manganese salts, and lithium salts, are recycled and reused in the production of power lithium batteries. The company adheres to the adoption of advanced environmentally friendly, energy-saving and safe production processes both at home and abroad. It uses used lithium cobalt oxide batteries, used ternary lithium-ion batteries, magnetic samarium cobalt waste, and crude cobalt nickel hydroxide as raw materials to produce new materials such as cobalt, nickel, lithium, salt oxides, battery grade and chemical grade that are in short supply in the country. The main products include nickel sulfate, cobalt sulfate, manganese sulfate, lithium carbonate, lithium sulfate and other salt products.

The company regards the used power batteries from new energy vehicles as a new type of urban mineral resource and specializes in providing a complete set of comprehensive solutions for the recycling, secondary utilization and refining and regeneration of used power battery resources. Lixin New Materials takes "innovating lithium battery resource utilization solutions and building a comprehensive service provider of new energy battery materials" as its vision. The leading enterprise has been awarded the title of National High-tech Enterprise, the fourth batch of enterprises meeting the "Industry Normative Conditions for Comprehensive Utilization of Waste Power Batteries" by the Ministry of Industry and Information Technology, Zhejiang Province's Specialized, Refined, Unique and Innovative Small and Medium-sized Enterprise, Zhejiang Province's Innovative Small and Medium-sized Enterprise, and Huzhou Municipal Science and Technology Enterprise Research and Development Center.