China Carbon Neutral Development Group (CCNG) Forms Strategic Partnership with Hua County Government, Launches First Smart Energy Project

Key Highlights and Details for Investors

• CCNG signs comprehensive strategic cooperation agreement with Hua County People’s Government in Henan Province.
• Partnership focuses on carbon neutrality, smart energy, electrification, circular economy, and digital carbon asset development at the county level.
• First project—a microgrid smart battery-swapping network—has commenced, expected to become operational in early May 2026.
• Collaboration aims to create a scalable model for other counties, strengthening CCNG’s market position and growth prospects.

Comprehensive Strategic Cooperation Agreement

China Carbon Neutral Development Group Limited (CCNG) has voluntarily announced that it has entered into a significant Strategic Cooperation Agreement with the Hua County People’s Government. This partnership seeks to leverage both parties’ expertise in regional governance, policy support, resource integration, carbon neutrality services, new energy technologies, and digital solutions to drive the development of a green, low-carbon, and circular economy at the county level. The agreement establishes a stable, long-term strategic partnership with the aim of setting benchmarks for regional decarbonization and technological advancement.

Background on the Partner – Hua County People’s Government

Hua County, located in Henan Province, is an important agricultural and industrial region. The local government is actively pursuing high-quality economic and social development, with a strong emphasis on green transformation. Hua County’s capabilities in industrial planning, policy formulation, and resource integration make it an ideal testbed for exploring scalable low-carbon development models.

Core Elements of the Cooperation

1. Dual Carbon Planning and Carbon Emission Control:
   • CCNG will assist Hua County in conducting regional carbon emission inventories, mapping dual carbon (carbon peaking and neutrality) pathways, and establishing carbon control systems for key industries. This will enhance the local government’s ability to manage and reduce carbon emissions.
2. Smart Energy and Microgrid Development:
   • The partnership will advance the planning and construction of urban microgrids and smart energy management systems, aimed at improving energy efficiency and facilitating the integration of renewable energy at the regional level.
3. Transportation Electrification and Closed-Loop Battery Management:
   • For centralized operational vehicles (such as buses and heavy-duty trucks), the collaboration will promote electrification, secondary use, and closed-loop management of power batteries, alongside the construction of a distributed charging and battery-swapping network.
4. Agricultural Machinery Electrification:
   • Both parties will explore technical pathways and demonstrate applications for converting agricultural machinery from fossil fuels to electricity, contributing to energy savings and emission reductions in agriculture.
5. Development of Circular Economy Industrial Ecosystem:
   • The focus will be on waste recycling, resource regeneration, and green supply chains to establish a county-level circular economy ecosystem.
6. Carbon Asset Development and Model Innovation:
   • CCNG and Hua County will jointly develop carbon sink assets using forestry, agricultural, and renewable energy resources. They will also explore digital management and financial applications for carbon assets, including blockchain and digital trading platforms.

First Project Launch: Microgrid Smart Battery-Swapping

As a tangible result of this strategic partnership, the first phase of a microgrid smart battery-swapping project has officially broken ground on 24 April 2026. This initial deployment includes 20 battery-swapping cabinets and is expected to go live by early May 2026. The “swap-instead-of-charge” model will support approximately 300 food delivery riders and 1,000 residential users daily, highlighting CCNG’s ability to swiftly execute agreements and address practical needs in the county.

Significance and Strategic Impact

• Expansion into the County-Level Carbon Neutrality Market:
  • Hua County, as a typical agricultural hub with abundant carbon sink resources and renewable energy opportunities, presents new growth avenues for CCNG’s businesses in carbon asset development, smart energy, and the circular economy.
• Creation of a Replicable Business Model:
  • The collaboration will allow CCNG to develop a comprehensive “county-level dual-carbon service” solution, encompassing planning, technology, data, carbon assets, and finance. This model is designed to be scalable across other counties in China, potentially opening up a vast new market.
• Strengthening Carbon Asset and Digital Capabilities:
  • By leveraging local resources, CCNG will create various carbon credits and facilitate their digital titling and trading, enhancing its position in digital carbon asset management.
• Brand and Policy Synergies:
  • Deep collaboration with local government is expected to boost CCNG’s reputation and position it favorably for future government contracts and policy support, further solidifying its leadership in the carbon neutrality industry chain.

Board and Leadership Update

The Board of CCNG comprises a mix of executive, non-executive, and independent non-executive directors, reflecting a strong and diverse leadership structure. The announcement was authorized by Chairman and Non-Executive Director, Mr. Chen Yonglan, on 26 April 2026.

Potential Market Impact and Price-Sensitive Information

This announcement marks a major strategic move for CCNG, signifying its expansion into scalable, county-level carbon neutrality solutions with immediate project execution and future growth potential. The rapid implementation of the smart battery-swapping project and the framework for replicable county-level solutions are both price-sensitive developments. These actions enhance CCNG’s service portfolio, competitive edge, and position for future government partnerships, all of which could materially affect the company’s share value.

Disclaimer: This article is based on a company announcement and is intended for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence and consider their individual circumstances before making investment decisions. The company’s actual results may differ from those anticipated in forward-looking statements.

View C CARBONNEUTRAL Historical chart here