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China Carbon Neutral Development Group Limited ( (HK:1372) ) has shared an update.
China Carbon Neutral Development Group Limited has signed a strategic cooperation agreement with China Tower Corporation Limited and China Renewable Resources Development Group to jointly build a standardized, wide-coverage and efficient lithium battery recycling and circular economy ecosystem. The partnership combines China Tower’s nationwide infrastructure and retired battery resources, China Renewable Resources’ urban‑rural physical recycling network and licenses, and CCNG’s online recycling platform and blockchain traceability tools to create a closed-loop system from collection through regeneration, pursue joint R&D in intelligent dismantling and resource utilization, and expand domestic and overseas markets for lithium battery recycling and green energy storage. The alliance is positioned as a key step in advancing China’s “dual‑carbon” goals, with plans to deepen cooperation in energy storage power stations, carbon asset development and green energy services, support China’s leadership in global battery recycling technologies and models, and build a full life‑cycle green industrial chain spanning battery production, use, recycling and regeneration.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited is a Hong Kong-listed company focused on carbon-neutrality-related businesses, including an online lithium battery recycling platform known as the “Lithium Search Network” and blockchain-based traceability technology. Through its subsidiaries, the Group operates within China’s fast-growing green and circular economy sectors, targeting the recycling, comprehensive utilization and low‑carbon management of energy storage and battery resources.
Average Trading Volume: 6,251,082
Technical Sentiment Signal: Buy
Current Market Cap: HK$964.4M
For detailed information about 1372 stock, go to TipRanks’ Stock Analysis page.