"Guangzhou Automobile Group signed a strategic cooperation agreement with Green Eco-Manufacturer, involving the green recycling of scrapped new energy vehicles, waste power batteries, and their waste materials. According to the official WeChat message from Guangzhou Automobile Group, Guangzhou Automobile Group Co., Ltd. ("GAC Group") and Green Eco-Manufacturer Co., Ltd. ("Green Eco-Manufacturer") signed a strategic cooperation framework agreement at the GAC Center. Under the agreement, the two parties will integrate their advantageous resources to jointly build a new energy full life cycle value chain worldwide, achieving the green recycling, resource utilization, and remanufacturing of scrapped new energy vehicles, waste power batteries, and their waste materials, and further explore a model for the green development of the global new energy industry's full life cycle. The agreement also aims to implement a global battery passport to achieve battery traceability."