Hunan Bangpu Cycle Technology Co., Ltd. is the hydrometallurgical base of Bangpu Group. The company is located in Jinzhou New District, Ningxiang, Changsha City, Hunan Province, with a total area of 130,000 square meters (200 mu), a green coverage rate of 22%, and a total investment of 200 million yuan. Hunan Bangpu is China's largest used battery recycling demonstration base and a model factory for waste battery recycling and clean production. It is also a key introduction project for Hunan Province to create the "Eleventh Five-Year Plan for Chang-Zhu-Tan Economic Integration".
On the evening of January 7, 2021, an explosion and fire accident occurred in Hunan Bangpu Recycling Technology Co., Ltd., the grandson company of Ningde Times New Energy Technology Co., Ltd., which caused market concern.