In September, the first batch of manganese tetraoxide from Huayou New Materials Industry Group was officially produced and completed small-scale customer trials. In October, it passed ton-scale certification and received positive feedback from clients, marking significant progress in Huayou's entry into the manganese materials market.

This July, Huayou Cobalt ranked 280th on the 2024 Fortune China 500 list with a revenue of $9.366 billion in 2023. On October 17th, the 2024 Fortune China 500 Summit opened grandly in Shanghai. Bao Wei, Assistant to the President of the Group and Vice President of Recycling Industry Group, and Li Rui, Secretary of the Board of Directors, were invited to represent the company.

​On October 18th, the completion ceremony and initial feedstock introduction of the "50,000 Ton High Nickel Ternary Precursor Material Project for Power Battery Applications" Phase I, undertaken by Huayou Cobalt's Huanneng New Materials (Indonesia) Co., Ltd., was successfully held at the Weda Bay Industrial Park in Indonesia.

Recently, the Zhejiang Provincial Department of Economy and Information Technology released the list of leading enterprises in the provincial headquarters of private economy for 2024. Huayou Cobalt was included in the category of leading enterprises in the secondary industry of Jiaxing City.

Recently, the Shanghai Futures Exchange (hereinafter referred to as "SFE") has continued to advance the construction of "Strong Source Support Enterprise" Industrial and Financial Service Bases to promote the organic combination of industry and finance.

In October, Huayou New Materials Industry Group established its Japanese subsidiary, Huayou Battery Materials Technology Japan Co., Ltd., which is now officially in operation.