Jinjing Xinneng (01783) rose more than 6%, continuing to reach a record high. This year, it had a cumulative increase of 61%. As of press release, it had risen 6.43% to HK$3.31, with a turnover of HK$4.14 million.
The Zhitong Finance App learned that Jin Jing Xinneng (01783) rose more than 6%, continuing to reach a record high. This year, it had a cumulative increase of 61%. As of press release, it had risen 6.43% to HK$3.31, with a turnover of HK$4.14 million.
According to the news, Jinjing Xinneng recently announced that it has signed a memorandum of understanding with Hefei Guoxuan Hi-Tech Power Energy Co., Ltd. (hereinafter referred to as “Hefei Guoxuan”), a wholly-owned subsidiary of Guoxuan Hi-Tech, to jointly develop and promote power battery recycling business on a global scale. According to the cooperation framework, the two sides will establish joint research institutes in the US, Europe and Southeast Asia to focus on battery recycling policies; and jointly invest, establish and operate battery recycling businesses in Germany and the US. At the same time, there is a possibility of further cooperation between the two sides in the capital market in the future.
Analysts said that the expansion path of Jinjing Xinneng in the power battery recycling market is already very clear. In Hong Kong and Southeast Asia, Jinjing Xinneng is expanding the market by cooperating with the world's leading new energy vehicle manufacturers; in the European and American markets, Jinjing Xinneng has expanded the power battery recycling market through cooperation with battery cell manufacturers and building its own local channels. This cooperation with Guoxuan Hi-Tech is the first example of the cooperation model between Jinjing Xinneng and the battery factory.