China Carbon Neutral Development Group Ltd. announced that it has entered into a Strategic Cooperation Agreement with China Tower Corporation Limited and China Renewable Resources Development Group Co., Ltd. The agreement aims to jointly develop a circular economy ecosystem for lithium batteries. The parties intend to leverage their respective strengths in resources, technology, and market reach to promote carbon neutrality, enhance lithium battery recycling, and reduce carbon emissions throughout the battery industry lifecycle. The cooperation also aims to address fragmentation and traceability issues in battery recycling and explore new business models such as battery swapping services and battery banks.

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