Hong Kong's strong support for the development of the new energy industry is a powerful catalyst for the accelerated growth of ENVISION GREEN (01783).
On the morning of September 17, Hong Kong Chief Executive John Lee delivered the &#34;Chief Executive's 2025 Policy Address&#34; to the Legislative Council, stating that to achieve the national &#34;dual carbon&#34; goals, Hong Kong is committed to achieving carbon neutrality by 2050, with the new energy industry playing a key role. The government is promoting the city's first large-scale electric vehicle battery recycling facility, expected to be operational in the first half of 2026 at the EcoPark, where local retired batteries will be converted into regenerated black powder to supply the mainland and surrounding areas, promoting the development of the electric vehicle battery recycling industry.
John Lee's remarks affirm the importance of advancing the new energy industry in Hong Kong and indicate support for the city's first large-scale electric vehicle battery recycling facility project, which serves as official recognition and endorsement, effectively ensuring the smooth production of the project in the first half of 2026.
The large-scale electric vehicle battery recycling facility mentioned by John Lee is the power battery processing plant being constructed by ENVISION GREEN, a global lithium battery recycling network service provider. According to Zhitong Finance APP, ENVISION GREEN's first power battery processing facility in Hong Kong is located in the EcoPark in Tuen Mun, with construction officially starting in June 2024, and the infrastructure work is nearly complete.
Public information shows that this power battery processing plant is a high-intelligence lithium battery product processing base that integrates intelligent processing, cascading utilization, and resource regeneration, with a designed capacity that can directly meet Hong Kong's electric vehicle battery processing needs as planned for 2035. The project is expected to enter trial operation by the end of 2025 and officially commence production in 2026.
Regarding the sources of retired batteries processed after the project goes into operation, ENVISION GREEN has established strategic cooperation with global leading new energy vehicle companies starting with the letter &#34;T&#34; and other major new energy vehicle manufacturers in the Hong Kong market, securing retired battery sources by locking in leading automakers, thus forming a significant competitive advantage.
The Hong Kong government's strong support for this project is primarily due to two reasons: first, with the rapid growth of electric vehicles in the Hong Kong market in recent years, the demand for battery recycling and disposal is gradually increasing.
It is reported that carbon emissions from the transportation sector in Hong Kong account for about 20%. To achieve carbon neutrality by 2050, Hong Kong announced the &#34;Hong Kong Electric Vehicle Popularization Roadmap&#34; in March 2021, planning to stop new registrations of fuel private cars, including hybrid vehicles, by 2035 or earlier.
With strong support from this policy, the number of electric vehicles in Hong Kong has rapidly increased, reaching approximately 128,600 by the end of July 2025, accounting for about 14.3% of the total number of vehicles. Currently, 7 out of every 10 newly registered private cars in Hong Kong are electric vehicles, with growth rates among the highest in the world. The rapid increase in electric vehicle ownership in Hong Kong urgently requires supporting battery recycling and disposal facilities.
According to the goals of the &#34;Hong Kong Electric Vehicle Popularization Roadmap,&#34; if all private cars are converted to electric vehicles before 2035, the number of private electric vehicles is expected to reach 600,000. If passenger cars are included, the total number of electric vehicles could reach approximately 800,000, representing a battery recycling and disposal market worth over 10 billion. The designed capacity of ENVISION GREEN's first power battery processing plant in Hong Kong can directly meet the electric vehicle battery processing needs as planned for 2035
Clearly, the Hong Kong government's support for ENVISION GREEN's first power battery processing facility in Hong Kong is an inevitable move in response to the development of the new energy industry.
Secondly, ENVISION GREEN's business layout has special strategic significance for building a global supply chain of strategic renewable resources with the Hong Kong market as a &#34;bridgehead.&#34;
As is well known, Hong Kong is a key carrier that connects the Greater Bay Area with foreign resources and domestic manufacturing channels. Building a global supply chain of strategic renewable resources with the Hong Kong market as a &#34;bridgehead&#34; is not only to meet local environmental protection needs but also a key measure for Hong Kong to actively serve the national strategy, seize opportunities in the global green revolution, and establish advantages for development in the new era. The policy direction and actual actions of the Hong Kong government have fully indicated that it is developing in this direction.
As a leading player in the global circular economy, ENVISION GREEN is committed to building a global battery recycling service system spanning Asia, America, and Europe. Currently, ENVISION GREEN has over 70 service points and local operations in 28 countries worldwide, providing it with strong localized operational capabilities. Its European headquarters has officially been established in Bochum, Germany, which will significantly enhance local service and resource integration efficiency. Meanwhile, ENVISION GREEN's first battery disposal production line in the United States officially launched in Rhode Island in August, marking the continuous expansion of its global battery recycling service system ecosystem.
With Hong Kong's unique geographical location, ENVISION GREEN's first power battery processing facility in Hong Kong has become a core hub for ENVISION GREEN's regional collaboration and globalization strategy, playing an important role in its global battery recycling ecosystem. This processing facility will also become a key &#34;lever&#34; for the Hong Kong government to build a global supply chain of strategic renewable resources with the Hong Kong market as a &#34;bridgehead.&#34; This is a classic case of collaboration between the Hong Kong government and enterprises to promote green transformation, and it is expected to become a benchmark project in the future, driving Hong Kong's transformation from a traditional financial center to an &#34;international green technology hub.&#34;
Recent changes in the name of China Resources Jinyang Technology Co., Ltd. also indicate that ENVISION GREEN is a key part of China's efforts to build a global supply chain of strategic renewable resources. China Resources Jinyang Technology Co., Ltd., jointly established by ENVISION GREEN's wholly-owned subsidiary Jinyang International and China Resources Recycling Group Green Investment Co., Ltd. (hereinafter referred to as &#34;China Resources Recycling Green Investment&#34;) (formerly known as China Resources Environmental Technology Co., Ltd.), officially changed its name to China Resources Recycling International Development ENVISION GREEN Co., Ltd. in September.
This company was established in 2021 with the aim of introducing advanced international environmental protection technologies, enhancing comprehensive environmental solutions, and contributing to the prosperity, stability, and sustainable development of the Hong Kong region. This name change not only consolidates and continues the foundation of cooperation between the two parties but also marks a strategic reorganization and deep integration of businesses, clarifying the identity of China Resources Recycling International Development ENVISION GREEN Co., Ltd. as a &#34;national team.&#34; This means that ENVISION GREEN's global market network and the &#34;national team's&#34; policy and resource platform will accelerate deep integration, moving from project cooperation to global strategic collaboration, jointly building a global supply chain of renewable resources.
Given the immense value demonstrated by the global battery recycling service system built by ENVISION GREEN and its key role in establishing a global supply chain of strategic renewable resources in Hong Kong, ENVISION GREEN has become the preferred service provider for new energy companies going abroad and recycling companies establishing overseas recycling channels
According to incomplete statistics, a series of leading companies in various fields, including Guoxuan High-Tech, JinkoSolar, Huayou Cobalt, and Zhongtian Storage, have all become clients of ENVISION GREEN. Based on previous market estimates, the disposal value of retired batteries brought to ENVISION GREEN by just Guoxuan High-Tech and JinkoSolar may have already exceeded 30 billion yuan. The signed clients have allowed ENVISION GREEN to secure the source of retired batteries in advance, providing high certainty for the company's future performance growth.
In May of this year, one of the &#34;national teams&#34; in the circular economy, China Resources Environmental International, along with CATL (300750.SZ) controlled Bangpu Recycling, signed a tripartite cooperation agreement with ENVISION GREEN. The three parties plan to conduct in-depth exploration and cooperation in policy assessment, technical collaboration, and overseas network construction.
As a member of the &#34;national team,&#34; China Resources Environmental International is regarded as a &#34;weather vane&#34; for industrial development trends, with its every move affecting market nerves. The signing of this tripartite cooperation is a strong combination of &#34;national team + industry leader + global service provider,&#34; which is a high recognition of ENVISION GREEN's strength in the lithium battery circular economy field.
Additionally, on June 18, Yiwei Lithium Energy (300014.SZ) joined forces with GEM (002340.SZ), Huayou Cobalt (603799.SH), ENVISION GREEN, and other companies to officially launch the &#34;Global Lithium Battery Recycling Network Platform.&#34; This platform aims to build a lithium battery recycling network covering four continents through global layout, digital traceability, and open cooperation, achieving effective recovery and reuse of retired battery materials, with a planned recycling capacity of 120,000 tons per year by 2030. Clearly, as ENVISION GREEN's strategic cooperation network continues to expand, the enormous commercial value of its global service providers is becoming increasingly prominent.
From an industry perspective, the domestic market will welcome a natural retirement time window for power batteries from 2025 to 2027, marking the first peak period for power battery retirements in the country. By 2030, the domestic retired power batteries will reach 300 GWh, with a five-year compound annual growth rate of 45%. Meanwhile, energy storage and early electric vehicle batteries in Europe and the United States will face retirement from 2027 to 2030, indicating that 2030 will become a peak period for the concentrated retirement of global lithium batteries.
Although the global explosive peak period has not yet arrived, ENVISION GREEN, as a leading player in the global circular economy field, has already experienced explosive growth in its performance. Data shows that in the fiscal year 2024 (ending March 31), ENVISION GREEN's revenue from reverse supply chain management and environmental protection-related services surged by 710.41% to 229 million yuan.
With such a high base, ENVISION GREEN's revenue from reverse supply chain management and environmental protection-related services continued to &#34;sing high&#34; in the fiscal year 2025, recording revenue of 696 million yuan, a year-on-year increase of 204.21%. The proportion of this business in the company's total revenue also rose from 7.03% in fiscal year 2023 to 50.58% in fiscal year 2024, reaching about 80% in fiscal year 2025. Clearly, ENVISION GREEN has accelerated its entry into the harvest period.
Since ENVISION GREEN can achieve explosive growth before the arrival of the global concentrated retirement peak for lithium batteries, it can be anticipated that in the face of the upcoming industrial climax, with the imminent production of Hong Kong's first power battery processing facility, the gradual implementation of signed client projects, and the expansion of new clients, along with various favorable factors,
Its growth potential will be fully unleashed, and the development speed of ENVISION GREEN is expected to reach a new level. Let's wait and see

02934

01783

Hong Kong Special Administrative Region Chief Executive John Lee announced in the Policy Address that Hong Kong will promote the construction of the city's first large-scale electric vehicle battery recycling facility, which will be managed by ENVISION GREEN. The facility is expected to be operational in the first half of 2026, aiming to support Hong Kong's goal of achieving carbon neutrality by 2050 and to promote the development of the electric vehicle battery recycling industry. The project has established strategic partnerships with several leading new energy vehicle companies to ensure the sourcing of retired batteries

Zhitong

ESPRIT HOLDINGS

ENVISION GREEN

The Hong Kong Policy Address clearly promotes the establishment of the city's first battery recycling facility, and ENVISION GREEN's development is expected to accelerate again