China Carbon Neutral Development Group Announces Strategic Cooperation Agreement with Hubei Liming Lithium
China Carbon Neutral Development Group Unveils Major Strategic Partnership with Hubei Liming Lithium
Date: 15 March 2026
Key Takeaway: China Carbon Neutral Development Group Limited (“the Group”) has entered into a high-impact strategic cooperation agreement with Hubei Liming Lithium Service Technology Co., Ltd., poised to accelerate growth in the battery recycling and new energy sectors. This announcement is likely to be price-sensitive and of significant interest to shareholders and potential investors.
Key Points of the Strategic Cooperation Agreement
- Parties Involved: Xunli Technology (Shenzhen) Co., Ltd. (wholly-owned by the Group) and Hubei Liming Lithium Service Technology Co., Ltd.
- Signed: March 2026
- Purpose: To jointly promote the recycling and utilization of lithium battery resources, fostering green and low-carbon development through the integration of digital and operational capabilities.
Details of the Cooperation
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Recycling Network Collaboration:
Hubei Liming Lithium will merge its offline recycling resources into the Xunli Technology “Xunli” platform, which will provide online display and order management. Both parties aim to direct retired batteries through the platform and plan to jointly establish standardized recycling outlets.
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Small Power Battery PACK Cooperation:
The companies will integrate their resources in cell supply, design, manufacturing, and market channels to co-develop and promote small power battery PACK products, targeting scenarios like electric two-wheelers and cleaning equipment.
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Supply Chain Finance Support:
Xunli Technology will collaborate with financial institutions to offer tailored financial services (equipment leasing, accounts receivable factoring, inventory financing) for Hubei Liming Lithium and its partners, leveraging platform data and risk control models.
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New Energy Scenario Development:
The partners will explore integrated solutions for “photovoltaic – energy storage – charging – swapping” power stations and battery-swapping services. The Group’s “Dongfang Yidian” platform will be used to pilot “vehicle-battery separation” and battery leasing in sectors like public transport and logistics.
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Overseas Market Collaboration:
Both parties will work together to expand their overseas business. Xunli Technology will provide market analysis and compliance consulting, while Hubei Liming Lithium will export recycled materials and second-hand products. They also aim to jointly build an overseas recycling network for compliance with international regulations.
Significance and Potential Impact for Shareholders
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Comprehensive Industry Chain Synergies: The combination of offline and online platforms creates a closed-loop “recycling-application” business model, covering the full value chain from battery recycling to energy storage and overseas market expansion.
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Technological Advancement: Both companies will collaborate on R&D for intelligent disassembly and secondary use of batteries, enhancing competitiveness in domestic and global markets.
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Future Business Expansion: The cooperation will serve as a stepping stone for deeper collaboration in energy storage power plants and carbon asset management, aiming to build a green industrial chain spanning the entire battery lifecycle.
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Financial Impact: The Board expects this strategic partnership to drive sustainable business growth and financial returns, strengthening the Group’s foundation for further business development and consolidation of shareholder value.
Background of Hubei Liming Lithium
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Established in 2014, based in Tianmen, Hubei, Hubei Liming Lithium is a high-tech enterprise specializing in new energy vehicle dismantling and lithium battery recycling.
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Operates a closed-loop industrial chain: “recycling – disassembly – recycling – manufacturing.”
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In 2026, the company expects to process 20,000 tons of waste batteries with an annual output value exceeding RMB 400 million. Recovery rates for nickel, cobalt, manganese, and lithium surpass 95%.
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Possesses a robust R&D team and hazardous waste operation qualifications, and has established a nationwide recycling network with secondary-use scenarios in communication energy storage and logistics distribution. The company is also actively expanding into overseas markets.
Leadership Commentary
The Board of China Carbon Neutral Development Group views this strategic cooperation as a major step toward reinforcing its closed-loop industrial model in battery recycling, comprehensive utilization, and energy storage, enhancing competitiveness within the carbon neutrality value chain. Management believes the partnership will deliver sustainable business expansion and returns, laying a strong foundation for future growth and further solidifying shareholder interests.
Board Composition (as of Announcement Date)
- Executive Directors: Mr. Di Ling, Mr. Cheung Hiu Tung, Mr. Lu Xiangyong
- Non-Executive Directors: Mr. Chen Yonglan (Chairman), Mr. Geng Zhiyuan (with Mr. Chen Lei as alternate), Mr. Zhong Guoxing
- Independent Non-Executive Directors: Mr. Wang Jiasi, Mr. Cao Ming, Ms. Qiao Yanlin
Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information is based on the voluntary announcement by China Carbon Neutral Development Group Limited as of 15 March 2026 and is subject to change without notice. The content may contain forward-looking statements subject to risks and uncertainties which could cause actual results to differ materially.
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