Summary by Moomoo AI
China Carbon Neutral Development Group Limited (“China Carbon Neutral”) signed a Strategic Cooperation Framework Agreement with Zhengzhou College of Engineering and Technology to accelerate the promotion of green low-carbon transformation and carbon-peaking, carbon-neutral work. The two sides plan to jointly develop an “Energy Storage New Materials” R&D center to jointly study the phased utilization and reuse of old power storage batteries in new energy vehicles. The R&D center will be located at Zhengzhou Institute of Technology, jointly funded by the two sides, and Zhengzhou Institute of Technology will provide research resources and personnel training. The Board believes that this partnership will drive the country's green transformation, promote eco-building and bring sustainable business growth and financial returns to the Group. The Cooperation Agreement was announced on 21 March 2024.