China Carbon Neutrality Group (01372) announced that the Group recently entered into a strategic cooperation agreement with China Tower Co., Ltd. ("China Tower") and China National Resources Recycling Corporation ("China National Resources Recycling").
Guided by the principles of "complementary advantages, win-win cooperation, and green development," the three parties will leverage their respective strengths in resources, technology, market access, and industrial synergy to jointly explore innovative cooperation models under the carbon neutrality goal.
They will jointly promote the construction of a lithium battery circular economy ecosystem, implementing the national strategic objectives of "carbon peaking and carbon neutrality."
By integrating their core resources—utilizing China Tower's nationwide communications infrastructure network and stockpile of retired equipment, China National Resources Recycling's extensive physical collection network covering urban and rural areas along with its regulatory advantages, and the Group's online recycling platform "Xunli Wang" coupled with blockchain traceability technology—the three parties aim to establish a standardized, high-coverage, and high-efficiency lithium battery recycling system.
They will jointly build a sustainable lithium battery circular economy ecosystem, promote complementary advantages in resource disposal capabilities, and establish low-carbon circular industrial clusters.
The collaboration will also deepen the exploration of cooperation opportunities and technological research and development in the carbon neutrality field, innovating in carbon asset development and management models.
Looking ahead, the three parties intend to use this strategic cooperation as a starting point to continuously explore in-depth collaboration in areas such as energy storage power station construction, carbon asset management, and green energy services.
They aim to jointly create a green industrial chain covering the entire lifecycle of "battery production - use - recycling - regeneration," contributing corporate strength towards achieving the national "dual carbon" goals.
This cooperation represents a landmark initiative in practicing the national "dual carbon" strategy, aligning with global trends in energy transition and circular economy development.
In the future, the three parties will deepen joint technological research to breakthrough key technologies for efficient resource recycling, explore pathways for carbon emission reduction accounting and trading, and expand synergistic opportunities in green industries like energy storage and photovoltaics.
They will also promote the export of China's circular economy technologies and models, helping China consolidate its leading position in the global battery recycling sector and providing a "Chinese solution" for global green, low-carbon development.
The Board of Directors believes that this strategic cooperation with China Tower and China National Resources Recycling will further complete the Group's industrial closed-loop in the fields of battery recycling, comprehensive utilization, and energy storage, enhancing the Group's comprehensive competitiveness within the carbon neutrality industry chain.
The Board is confident that this cooperation will effectively address industry pain points such as fragmentation and traceability difficulties in the lithium battery recycling sector, driving the industry towards scale and intensification.
By substituting recycled resources for primary minerals, it can significantly reduce the carbon emissions across the entire lifecycle of the battery industry, forming a sustainable carbon reduction pool.
Simultaneously, it will foster new business formats such as battery swapping services and battery banking, tapping into the economic benefits of recycled resources.
This cooperation is expected to bring sustainable business growth and financial returns to the Group, laying a solid foundation for other business expansions and further consolidating the overall interests of the Group and its shareholders.
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