Promote the recycling and utilization of lithium batteries! Two major central enterprises jointly listed on the Hong Kong stock exchange.

Published: Aug 25, 2025 12:02

Save

[SMM New Energy News Flash] China Carbon Neutral Development Group, China Recycling Development Group, and China Tower held a high-level meeting to discuss building a lithium battery circular economy ecosystem. The three parties aim to strengthen cooperation in retired battery recycling, second-life applications, and resource utilization to support China’s “dual carbon” goals. China Tower, with over 2.2 million base stations and strong experience in second-life battery applications, emphasized its commitment to green and low-carbon development. China Recycling highlighted its nationwide resource recovery network, while China Carbon Neutral showcased its blockchain-powered “Xunli Net” platform, integrating transaction, data, and finance to enable traceable and high-quality battery lifecycle management. Together, the parties plan to form a closed-loop industrial chain of “recycling–reuse–reapplication,” create demonstration benchmarks for the lithium circular economy, and expand China’s low-carbon solutions globally.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Samsung SDI Targets AI Data Center BBU Market With Cylindrical Batteries

Samsung SDI announced on August 4 that it will strengthen its push into the AI data center battery backup unit (BBU) market with cylindrical batteries that offer space efficiency, high output and safety. The company plans to expand the application of its cylindrical batteries from power tools and home appliances to BBUs for artificial intelligence (AI) data centers.

13 hours ago

Fayette County to Take Over Permitting and Inspection Work for LG Energy Solution-Honda U.S. Battery Plant

According to local U.S. media reports, the Fayette County Board of Commissioners in Ohio unanimously approved on June 29 a proposal for the county building department to resume reviewing building permits and conducting site inspections for the L-H Battery Company plant. The work had previously been handled by the state government. Following the decision, construction-related permitting and inspection authority for the battery plant near Jeffersonville will be transferred to Fayette County.

13 hours ago

Electric Vehicles Excluded From “Korean IRA” Tax Credit Scheme

In the tax reform plan announced on August 3, the South Korean government limited domestic production tax credit support to six sectors: semiconductors, secondary batteries, artificial intelligence (AI) robot components, critical materials, solar power and wind power. As a result, electric vehicles were excluded from the domestic production tax credit scheme, often referred to as the “Korean IRA.”

13 hours ago