Jin Jing Xinneng (01783) reversed the market and rose more than 10% to an intraday high of HK$4.8, a record high. As of press release, it had risen 8.99% to HK$4.73, with a turnover of HK$14.223,900.
The Zhitong Finance App learned that Jin Jing Xinneng (01783) reversed the market and reached a record high of HK$4.8 in the intraday period. As of press release, it had risen 8.99% to HK$4.73, with a turnover of HK$14.223,900.
According to the news, Ningde Times signed an agreement with Volvo to improve the kinetic power recycling business model. Ping An Securities pointed out that the power battery recycling business model is gradually improving, and car companies are expected to become the main battery recyclers in the future. The rapid increase in the scale of decommissioned power batteries and the accelerated introduction of automobile trade-in policies have all benefited companies related to battery recycling.
According to reports, starting from Hong Kong, Jin Jing Xinneng plans to build a huge global service system for recycling and recycling lithium batteries covering the Southeast Asian, European, and American markets, and is expected to become a “leader” in laying out overseas power battery recycling markets. Notably, in February of this year, Jinjing Xinneng signed a memorandum of understanding with 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 in, establish and operate battery recycling businesses in Germany and the US.