HK Stock Market Move | ENVISION GREEN (01783) hits new historical high again. The company has signed a memorandum of understanding with China's Huan Guo International and Bonpu to optimize battery recycling business.

ENVISION GREEN (01783) increased by over 2% in the morning session, reaching a high of 9 Hong Kong dollars, setting a new historical high. As of the time of writing, it has risen by 2.17% to 8.96 Hong Kong dollars, with a trading volume of 11.254 million Hong Kong dollars. On the news front, on May 8th, China Resource Recycling Group's Chinese environmental international development (Shenzhen) Co., Ltd. and global resource recycling channel service provider ENVISION GREEN, along with Guangdong Bangpu Recycling Technology Co., Ltd. controlled by Contemporary Amperex Technology, signed a memorandum of understanding, establishing a strategic global supply chain of recycled resources in the lithium battery field based on a complete ecological cycle of "resources + technology + channels." It is pointed out that this three-party cooperation marks the first time in the power battery recycling industry that a partnership has been formed between the "national team + industry leader + global service provider", resulting in a complete closed-loop ecosystem of "resources + technology + channels". This signifies that the power battery recycling industry has officially entered a new stage of systematic and full-chain competition, and this cooperation is also a new benchmark for the "systematic output" of the power battery recycling industry, and even the entire circular economy sector.