Core Insights - The battery recycling market, valued at over a trillion, is witnessing a significant shift where licensed companies are exiting the market while unlicensed small workshops are profiting substantially from the situation [1] Group 1 - The battery recycling market is estimated to be worth over a trillion [1] - Licensed companies are collectively withdrawing from the battery recycling sector [1] - Unlicensed small workshops are reportedly making significant profits in the battery recycling space [1]

Group 1 - The company does not engage in rare earth business but has a battery recycling operation [2] - The company utilizes a rich oxygen side-blowing process in nickel smelting, which allows for the production of certain precious metals [2] - The company has pioneered a centrifugal extraction technology that can be applied to the recovery of precious metals, enhancing its competitive advantage through efficient and environmentally friendly modern processes [2]

Core Viewpoint - JinkoSolar (02945) shares surged over 60%, currently up 58.21% at HKD 6.17, with a trading volume of HKD 106 million due to the announcement of its stock split and inclusion in the Hong Kong Stock Connect list effective September 23, 2025 [1] Group 1 - The Shanghai and Shenzhen Stock Exchanges announced the adjustment of the Hong Kong Stock Connect securities list, which includes JinkoSolar (01783) due to its stock split [1] - The Hong Kong government is promoting the establishment of the first large-scale electric vehicle battery recycling facility, which is expected to enhance the industry landscape [1] - JinkoSolar's project, the first power battery processing facility in Hong Kong, is set to commence construction in June 2024, with basic infrastructure already completed and operations expected to start in 2026 [1]

Group 1 - Jin Jing New Energy (02945) surged over 60%, currently up 58.21% at HKD 6.17, with a trading volume of HKD 106 million [1] - The Shanghai and Shenzhen Stock Exchanges announced that due to the share split of Jin Jing New Energy (01783), the Hong Kong Stock Connect eligible securities list will be adjusted, effective from September 23, 2025, adding Jin Jing New Energy (02945) [1] - The recent Hong Kong policy address highlighted the government's push for the city's first large-scale electric vehicle battery recycling facility, with Jin Jing New Energy's project expected to commence construction in June 2024 and be operational by 2026 [1]

Core Viewpoint - Hong Kong's strong support for the development of the new energy industry is a significant catalyst for the accelerated growth of Jin Jing New Energy (01783) [1][2] Group 1: Government Support and Policy - The Hong Kong government aims to achieve carbon neutrality by 2050, with the new energy industry playing a crucial role [1] - The first large-scale electric vehicle battery recycling facility in Hong Kong is expected to be operational in the first half of 2026, which will convert retired batteries into regenerated black powder for supply to mainland China and surrounding areas [1][2] - The facility, being constructed by Jin Jing New Energy, has received official endorsement from the government, ensuring its smooth production [1][2] Group 2: Market Demand and Strategic Positioning - The battery recycling facility is designed to meet the electric vehicle battery processing needs outlined in Hong Kong's 2035 plan, with an expected trial operation by the end of 2025 [2] - Jin Jing New Energy has secured strategic partnerships with leading global electric vehicle manufacturers to ensure a steady supply of retired batteries, establishing a competitive advantage [2][3] - The rapid growth of electric vehicles in Hong Kong, with approximately 128,600 electric vehicles as of July 2025, necessitates the development of battery recycling and disposal facilities [2][3] Group 3: Future Market Potential - If all private cars are converted to electric vehicles by 2035, the total electric vehicle ownership could reach around 600,000, creating a battery recycling market worth over 100 billion [3] - The Hong Kong government's support for Jin Jing New Energy's facility aligns with the broader trend of new energy industry development [3] Group 4: Global Expansion and Strategic Alliances - Jin Jing New Energy is expanding its global battery recycling service network, with over 70 service points in 28 countries, enhancing local operational capabilities [4] - The establishment of a global battery recycling network platform aims to achieve a recycling capacity of 120,000 tons per year by 2030 [7] - The recent rebranding of a subsidiary to Jin Jing International Development signifies the integration of Jin Jing New Energy's global market network with national policy and resource platforms [6] Group 5: Financial Performance and Growth - Jin Jing New Energy's revenue from reverse supply chain management and environmental services surged by 710.41% to 229 million in the fiscal year ending March 31, 2024 [8] - The revenue for the fiscal year 2025 is projected to reach 696 million, reflecting a year-on-year increase of 204.21%, with this segment accounting for approximately 80% of total revenue [8][9] - The company is poised for explosive growth as it approaches the peak period for battery retirements, with multiple favorable factors contributing to its development [9]

Core Viewpoint - Hong Kong's strong support for the development of the new energy industry is a significant catalyst for the accelerated growth of Jin Jing New Energy (01783) [1] Group 1: Government Support and Industry Growth - The Hong Kong government aims to achieve carbon neutrality by 2050, with the new energy industry playing a crucial role [1][2] - The first large-scale electric vehicle battery recycling facility in Hong Kong, supported by the government, is expected to be operational in the first half of 2026 [1][2] - The facility, being constructed by Jin Jing New Energy, is designed to meet the battery processing needs outlined in Hong Kong's 2035 electric vehicle plan [2][3] Group 2: Market Demand and Strategic Partnerships - The rapid growth of electric vehicles in Hong Kong has led to an increasing demand for battery recycling and disposal facilities [2] - As of July 2025, the total number of electric vehicles in Hong Kong is approximately 128,600, accounting for about 14.3% of all vehicles [2] - Jin Jing New Energy has established strategic partnerships with leading global electric vehicle manufacturers to secure sources of retired batteries, creating a competitive advantage [2][6] Group 3: Global Supply Chain and Strategic Significance - Jin Jing New Energy's operations in Hong Kong are strategically significant for building a global supply chain for recycled resources [4][5] - The company has a presence in over 28 countries with more than 70 service points, enhancing its local operational capabilities [4] - The establishment of a battery disposal facility in Hong Kong is seen as a key initiative for the city's transition to an "international green technology hub" [5] Group 4: Financial Performance and Future Growth - Jin Jing New Energy's revenue from reverse supply chain management and environmental services surged by 710.41% to 229 million yuan in the fiscal year 2024 [8] - The revenue for fiscal year 2025 is projected to reach 696 million yuan, a year-on-year increase of 204.21%, with this segment accounting for approximately 80% of total revenue [8][9] - The company is well-positioned to capitalize on the upcoming peak in battery retirements, with significant growth potential anticipated [9][10]

Group 1 - Jin Jing New Energy (1783.HK) saw a rise of over 5%, reaching a peak of 7.9 HKD [1] - The company will undergo a stock split, converting 1 share into 2 shares on September 23, 2025 [1] - The Hong Kong government is promoting the establishment of the first large-scale electric vehicle battery recycling facility, expected to be operational in the first half of 2026 [1] Group 2 - The recycling facility will convert retired local batteries into regenerated black powder for supply to mainland China and surrounding regions, enhancing the electric vehicle battery recycling industry [1] - Jin Jing New Energy is responsible for the battery recycling project at the Hong Kong Environmental Park, marking the first large-scale electric vehicle battery recycling center in Hong Kong [1] - This project fills a gap in Hong Kong's large-scale battery recycling sector and supports the establishment of a complete electric vehicle industry chain [1]

Core Viewpoint - The article discusses the strategic partnership between Chinese recycling giant Greeenme and American technology innovator Ascend Elements to explore the European lithium battery recycling market, highlighting the implications of the new EU Battery Regulation and the geopolitical context surrounding this collaboration [2][3][4]. Group 1: Importance of Entering Europe - Understanding the significance of entering the European market requires recognizing the ambitious battery circular economy blueprint established by the EU [3]. - The new EU Battery Regulation, effective from August 2023, sets unprecedented mandatory targets for battery recycling, creating a high-value market centered on sustainability [4][5]. Group 2: EU Battery Regulation Details - The regulation mandates aggressive recycling targets: 73% for portable batteries by 2030, 61% for light-duty vehicle batteries by 2031, and effective 100% responsibility for electric vehicle battery manufacturers [5]. - It establishes clear minimum recovery rates for materials, requiring 90% recovery for cobalt, nickel, and copper, and 50% for lithium by the end of 2027, with further increases by 2031 [5][6]. - A groundbreaking requirement for minimum recycled content in new electric vehicle batteries will take effect from August 2028, mandating at least 16% recycled cobalt, 6% recycled lithium, and 6% recycled nickel [6]. Group 3: Geopolitical and Economic Context - The EU currently produces only 1% of the key battery raw materials it needs, creating a significant resource gap, with lithium demand projected to reach 550,000 tons annually by 2030 [7][8]. - The EU aims for 89-90% self-sufficiency in strategic raw materials by 2030, with the Critical Raw Materials Act requiring at least 15% of annual consumption to come from recycling [8]. Group 4: Strategic Implications of the Partnership - The partnership between Greeenme and Ascend Elements is a strategic move to leverage advanced technology and scale to meet the EU's stringent sustainability standards [9][10]. - Greeenme's extensive production capabilities and cost control experience complement Ascend Elements' innovative Hydro-to-Cathode® technology, which significantly reduces costs and carbon emissions [10][11]. Group 5: Resource Security and Supply Chain Resilience - The collaboration aims to establish a "Europe-Indonesia-Europe" transnational recycling model, with Greeenme's nickel resource base in Indonesia providing a strategic hedge against short-term raw material shortages in Europe [12][13]. - This dual resource strategy enhances the alliance's supply chain resilience, positioning it favorably against local competitors [14]. Group 6: Trends in the Recycling Industry - A trend of Chinese companies expanding into the European recycling market is emerging, driven by the EU's regulatory environment and the anticipated surge in retired batteries [16][17]. - Major players like Huayou Cobalt and CATL are actively pursuing investments and partnerships in Europe to secure raw material supplies and establish local recycling capabilities [17][18]. Group 7: Challenges and Future Outlook - The competition for high-purity production waste from European super factories will intensify as companies vie for limited resources before 2030 [19]. - The shift towards lower-cost lithium iron phosphate batteries poses economic challenges for recycling due to the lack of high-value cobalt and nickel [19]. - A significant shortage of skilled technical personnel in Europe may hinder the industry's growth, while the second-life battery market is projected to reach $19 billion by 2033, indicating potential future opportunities [20].

Group 1 - GreeMe signed a memorandum of understanding with ASCENDELEMENTS to explore collaboration in the European battery recycling and materials sector, aiming to establish a leading lithium battery recycling system in Europe [1] - The collaboration is expected to enhance the lifecycle value chain of new energy in Europe and strengthen GreeMe's position in the global battery recycling market [1] - The memorandum outlines the framework for cooperation but acknowledges uncertainties in specific implementation [1] Group 2 - Hailiang Co. has achieved mass production capability for new nickel-plated copper foil products suitable for solid-state batteries, receiving positive feedback from leading battery manufacturers [2] - The company continues to innovate in the copper foil sector, particularly with ultra-thin and high-performance copper foil products, demonstrating its competitiveness in the new energy battery materials market [2] Group 3 - The average transaction price of multi-crystalline silicon N-type recycled materials increased by 8.57% week-on-week, reaching 53,200 RMB per ton [3] - The market remains stable in terms of transaction volume, but the number of mainstream signing enterprises has increased to six, indicating a tightening supply situation [3] - The price increase is attributed to first-tier companies reaching their sales limits, leading to a temporary supply tightness, while optimistic market sentiment supported by national policies is expected to maintain a strong price trend [3]

Core Viewpoint - Green Technology (301322) has signed a strategic cooperation framework agreement with Greeenmei's subsidiary, Power Regeneration, to establish a comprehensive partnership in the field of new energy vehicles and battery recycling, aiming to create a closed-loop industrial chain and promote green low-carbon industry development [1][2]. Group 1: Company Overview - Green Technology primarily engages in the research, production, and sales of site electric vehicles, including golf carts, sightseeing cars, electric patrol vehicles, electric trucks, and cleaning equipment, with a focus on export business to over 100 countries and regions [1]. - In the first half of 2025, the company reported operating revenue of 374 million yuan, a year-on-year decrease of 12.30%, and a net profit attributable to shareholders of 46.2 million yuan, down 46.50% year-on-year [1]. Group 2: Strategic Cooperation Details - The cooperation will focus on electric sightseeing cars, golf carts, cleaning vehicles, and lithium battery projects, with Green Technology prioritizing the procurement of lithium battery systems from Power Regeneration for its vehicles [2]. - Both companies will jointly invest to establish an asset-holding company focused on the operation and leasing of sightseeing vehicles, utilizing innovative business models to enhance market performance [2]. - Green Technology is obligated to sell its vehicles and batteries to Power Regeneration for compliant disposal, while Power Regeneration will provide competitive residual value recovery services for the vehicles and battery systems [2]. Group 3: Impact of the Agreement - The signing of the framework agreement is expected to strengthen the market expansion of Green Technology without affecting its business independence or significantly impacting its financial status and operating results for the current year [2].