China Carbon Neutral Development Group said its wholly owned unit Xunli Technology signed a strategic cooperation agreement with Hubei Liming Lithium. The parties will integrate Hubei Liming Lithium’s offline battery recycling resources into Xunli Technology’s Xunli platform and explore standardized recycling outlets. They will also jointly develop small power battery PACK products for uses such as two-wheeled vehicles and cleaning equipment. Xunli Technology plans to work with financial institutions to provide supply chain finance services, including equipment leasing and receivables factoring, to Hubei Liming Lithium and its partners. Hubei Liming Lithium expects to process 20,000 tons of waste batteries in 2026 and projects annual output value of more than CNY 400 million.

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