Core Insights - The focus on "recycling" has emerged as a key topic at the "2025 China (Suining) International Lithium Battery Industry Conference" [1] - By the end of 2024, China is expected to have established a lithium-ion battery recycling capacity of 4 million tons [1] - The industry faces challenges such as an incomplete regulatory framework, insufficient technical standards, and an unregulated recycling system [1][4] Industry Trends - In the next five years, approximately 47.9 GWh or 34.6 million tons of power batteries are expected to be retired annually in China [2] - Sichuan Shukang Lithium Technology Co., which has established a full-process lithium battery recycling project, anticipates a peak in battery retirements in the next 2-3 years [2] - Companies are increasing their efforts in battery recycling, with Greeenme announcing a partnership with ASCEND ELEMENTS to develop a recycling system in Europe [2] Regional Developments - As a pilot province for battery recycling, Sichuan is projected to have 1.402 million new energy vehicles by the end of 2024, with a comprehensive utilization capacity of approximately 69,000 tons [3] - The market for recycling used batteries in Sichuan is expected to grow significantly due to the anticipated retirement wave [3] Challenges in Recycling - The standardized recycling rate for power batteries in China is currently below 25% [4] - Issues include an incomplete regulatory framework, immature technology and standards for battery reuse, and unregulated flow of retired batteries [4][5] - Many retired batteries are being diverted to informal "small workshops" due to higher prices offered compared to formal enterprises, leading to safety and environmental risks [5] Recommendations for Improvement - Experts suggest a three-pronged approach of legislation, standard enhancement, and regulation to establish a robust recycling system [5][6] - Collaboration between research institutions and companies is encouraged to improve recycling technologies and processes [6]

Core Viewpoint - Company Greeenme (002340.SZ) is accelerating its overseas business expansion, particularly in the European battery recycling market through a memorandum of understanding with American company ASCEND ELEMENTS, INC. (AE) [1][2] Group 1: Business Expansion and Partnerships - The memorandum aims to establish a leading lithium battery recycling system in Europe, focusing on resource recovery and battery material remanufacturing [2][3] - Greenme has signed over 30 framework agreements in the past three years with various partners, including major players in the automotive and new energy sectors [4] - The company is also exploring potential collaborations in the U.S. for lithium-ion battery recycling and engineering battery material production [3][6] Group 2: Financial Performance - In the first half of 2025, Greenme reported a significant increase in net profit, reaching 799 million yuan, a year-on-year growth of 13.91% [1][5] - The company's total revenue for the same period was 17.561 billion yuan, with a slight year-on-year increase of 1.28% [5][7] - Revenue from overseas operations reached 5.532 billion yuan, marking a 21.44% increase and accounting for 31.50% of total revenue, up from 26.27% in the previous year [7] Group 3: Research and Development - Greenme's R&D investment increased by 13.40% in the first half of 2025, totaling 752 million yuan, which is significantly higher than the revenue growth rate [6] - The company has applied for a total of 5,461 patents globally, including 400 PCT applications and 72 valid patents authorized abroad [6]

Core Viewpoint - The rapid development of the new energy vehicle industry has led to an increasing demand for power batteries, highlighting the importance of green recycling and processing of retired vehicles and batteries [2] Group 1: Strategic Cooperation - The company, through its subsidiary Wuhan Power Battery Recycling Technology Co., Ltd., has signed a strategic cooperation framework agreement with Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. to establish a comprehensive partnership in the field of new energy vehicle and power battery recycling [2] - The collaboration aims to create a closed-loop industrial chain encompassing the entire lifecycle value chain of new energy vehicles and power batteries, including recycling, maintenance, material regeneration, and battery remanufacturing [2] Group 2: Industry Impact - The partnership is expected to promote the development of a green low-carbon industry, enhance global market competitiveness, and achieve a synergy between economic and environmental benefits [2]

证券日报网讯 9月17日晚间，绿通科技发布公告称，近日，公司与格林美股份有限公司（SZ.002340） 的控股子公司武汉动力电池再生技术有限公司（简称"动力再生"）签署《关于开展双方战略合作框架协 议》，双方决定联合各方优势，在新能源场地车辆及动力电池回收利用领域建立全面战略合作伙伴关 系，实现对场地电动车、动力电池的回收利用、后市场维保、材料循环再生的全生命周期价值链体系， 打造"新能源车回收—动力电池回收—电池原料再造—电池材料再造—动力电池再造"闭环产业链，共同 推动绿色低碳产业发展，提升全球市场竞争力，实现经济效益与环境效益的协同发展。公司本次签署框 架协议无需提交公司董事会和股东会审议。 （文章来源：证券日报） ...

智通财经APP讯，绿通科技(301322.SZ)公告，公司与格林美(002340.SZ)的控股子公司武汉动力电池再生 技术有限公司(简称"动力再生")签署《关于开展双方战略合作框架协议》，双方决定联合各方优势，在 新能源场地车辆及动力电池回收利用领域建立全面战略合作伙伴关系，实现对场地电动车、动力电池的 回收利用、后市场维保、材料循环再生的全生命周期价值链体系，打造"新能源车回收—动力电池回收 —电池原料再造—电池材料再造—动力电池再造"闭环产业链，共同推动绿色低碳产业发展，提升全球 市场竞争力，实现经济效益与环境效益的协同发展。 ...

人民财讯9月17日电，绿通科技（301322）9月17日晚间公告，公司与格林美（002340）股份有限公司的 控股子公司武汉动力电池再生技术有限公司(简称"动力再生")签署《关于开展双方战略合作框架协 议》，双方决定联合各方优势，在新能源场地车辆及动力电池回收利用领域建立全面战略合作伙伴关 系，实现对场地电动车、动力电池的回收利用、后市场维保、材料循环再生的全生命周期价值链体系， 打造"新能源车回收—动力电池回收—电池原料再造—电池材料再造—动力电池再造"闭环产业链。 ...

来源：@究竟视频微博 "锂电池再生利用将下游的应用与上游的电池材料生产连接起来，形成锂电池产业内的循环经济模 式。"广东金晟新能源股份有限公司（下称"金晟新能源"）近日披露了招股书，陈述了上述商业模式， 该公司即将赴港上市，联席保荐人是中金公司（601995.SH，03908.HK）和招银国际。 金晟新能源雇佣的咨询公司弗若斯特沙利文预计，2024年中国内地退役电池还不足50万吨，但2027年将 超过100万吨，2031年则逼近500万吨。 【#电动车动力电池退役后去哪了#？#一动力电池回收企业连亏3年#】2020年开始国内电动车销量爆 发，而早期销售的电动车的动力电池逐渐步入退役期，电池退役之后到底去哪里了，企业怎么回收处 理？ 然而，在2022年实现短暂盈利之后，金晟新能源却在拟上市前的三年时间内，一直处于亏损状态，公司 碳酸锂等产品价格大幅波动导致高价采购的存货贬值，也在某些年份加剧了亏损，退役的锂电池怎么处 理才是更理想的做法？循环再利用业务如果依然亏损，公司业务如何持续发展？这都是业界对公司业务 和经营模式的问题与思考。 ...

Core Viewpoint - The power battery recycling concept has seen a significant increase of 5.08% as of the market close on September 5, ranking it as the 10th highest gain among concept sectors, with 82 stocks rising in value [1]. Market Performance - Notable gainers in the power battery recycling sector include: - Hangke Technology with a 20% limit up - Tianqi Lithium and Ganfeng Lithium both hitting the limit up - XWANDA, Honggong Technology, and Dingsheng Technology with increases of 16.16%, 15.99%, and 11.54% respectively [1]. - The sector experienced a net inflow of 9.31 billion yuan, with 59 stocks receiving net inflows, and 16 stocks exceeding 100 million yuan in net inflows [1]. Fund Flow Analysis - Leading stocks in terms of net inflow ratio include: - Guanghua Technology at 41.16% - Duofluor at 37.25% - Ganfeng Lithium at 18.97% [2]. - The top stocks by net inflow include: - Ningde Times with a net inflow of 1.287 billion yuan - Huayou Cobalt with 1.206 billion yuan - Ganfeng Lithium with 1.1 billion yuan - XWANDA with 880 million yuan [1][2]. Stock Performance - Key stock performances in the power battery recycling sector include: - Ningde Times: 6.93% increase with a turnover rate of 1.67% - Huayou Cobalt: 7.36% increase with a turnover rate of 8.58% - Ganfeng Lithium: 10.01% increase with a turnover rate of 11.15% [2][3]. - Other notable performers include: - Tianqi Lithium: 8.65% increase - XWANDA: 16.16% increase - Tianqi Materials: 10.02% increase [3][4].

Group 1 - The 28th Chengdu International Auto Show will be held from August 29 to September 7, increasing attention on the new energy vehicle industry chain [1] - The 2025 Global Power Battery Recycling Industry Summit and the 13th Retired Power Battery Recycling Utilization Forum will take place from August 29 to 31 in Shenzhen, focusing on power battery and recycling technology topics which may catalyze the sector [1] - The National Development and Reform Commission will hold a press conference on August 29, with market attention on new energy industry policy trends [1] Group 2 - As of August 29, the ChiNext New Energy ETF (159261.SZ) rose by 3.44%, and its related index, the New Energy Index (399266.SZ), increased by 3.32% [1] - Major constituent stocks saw significant gains, with CATL up 9.03%, Lead Intelligent up 20.01%, EVE Energy up 5.49%, Zhongke Electric up 15.30%, and Xinwanda up 4.91% [1] Group 3 - According to research from Aijian Securities, high growth in AI demand is driving the expansion of the AI Computing Center (AIDC) market, with the global AI server market expected to reach $125.1 billion in 2024 and grow to $222.7 billion by 2028, significantly boosting supporting energy storage demand [1] - The electrochemical energy storage industry chain is primarily driven by lithium iron phosphate batteries upstream, with integration involving companies like CATL and BYD in the midstream, and downstream applications concentrated in new energy generation, entering a rapid development phase supported by policy and cost reductions [1]

Core Viewpoint - The company Greeenme plans to initiate an "A+H" dual financing model by issuing H-shares and listing on the Hong Kong Stock Exchange, aiming to enhance its global development strategy and international brand image [1][2]. Company Overview - Greenme, established in 2001 and headquartered in Shenzhen, focuses on battery materials and battery recycling. It is currently the largest battery recycling company globally, processing over 10% of retired power batteries in China and recovering over 20% of the country's nickel resources [1][2]. Financial Performance - Greenme reported a revenue of 332 billion yuan for 2024, an increase of 8.75% year-on-year, with a net profit of 10.20 billion yuan, up 9.19%. The ternary materials business contributed 257.62 billion yuan, accounting for 77.6% of total revenue, while the battery recycling business generated 74.37 billion yuan, making up 22.4% [2][5]. Market Trends - The company anticipates a peak in battery retirements between 2027 and 2030, with plans to increase its recycling capacity to over 500,000 tons and sales exceeding 10 billion yuan by 2030. The actual recycling volume of lithium-ion batteries in China is projected to reach 424.6 million tons by 2030 [3][4]. Strategic Partnerships - Greenme has formed strategic partnerships with several major battery manufacturers and automotive companies, including CATL, GAC Group, and Mercedes-Benz, to expand its recycling channels and enhance its competitive position in the industry [4]. Industry Context - The current trend of companies in the lithium battery industry seeking to list in Hong Kong reflects a strategic response to global energy transformation and capital market opportunities. This trend is supported by favorable policies from the China Securities Regulatory Commission [2][5].