Hong Kong Stock Market Update: Jin Jing New Energy Sees a Surge of Over 8.4% Following Strategic Partnerships and Policy Support
As of March 24, 2025, Jin Jing New Energy (1783.HK) has experienced a remarkable increase of over 8.4%, trading at HKD 7.71. Recent news indicates that Jin Jing New Energy has formed strategic partnerships with Zhongtian Energy Storage Technology Co., Ltd., and Wuxia (Hong Kong) Technology Co., Ltd. Together, the three companies will collaborate in areas such as battery recycling, energy storage cloud platforms, and global operation and maintenance services. This partnership aims to enhance the efficiency of the global green energy service network, contributing to sustainable development goals.
Previously, Jin Jing New Energy also renewed its strategic collaboration with Guoxuan High-Tech, focusing on deepening cooperation in battery recycling, after-sales service systems, global battery material trade, and low-carbon research.
Moreover, last month, the State Council’s executive meeting approved the Action Plan for Improving the Recycling System of New Energy Vehicle Power Batteries. This plan marks the formal entry of China’s power battery recycling industry into a new phase of standardization and large-scale development. The meeting highlighted that new energy vehicle batteries are now entering a phase of “large-scale retirement,” with expectations that the recycling market will exceed RMB 100 billion by 2030.
