According to the news on the 6th of the website of the State Administration of Market Supervision, the State Administration of Market Supervision and the Ministry of Industry and Information Technology recently released the Announcement on Carrying out the Certification of Power Battery Cascade Utilization Products for New Energy Vehicles. It is proposed to encourage qualified places to accelerate the construction of resource recycling system and use certified cascade utilization products in government-invested projects, key projects and municipal public projects. Support insurance institutions to develop property insurance and product liability insurance suitable for cascade use of products, and provide risk protection for their application and promotion. Development banks are encouraged to make good use of mortgage supplementary loan funds, green credit, green financing services, and provide low-cost financial support. (Xinhua News Agency)