China Carbon Neutral (01372.HK) 0.000 (0.000%) announced that the group has formally signed a Strategic Cooperation Agreement with the Peoples Government of Huaxian County, Henan Province. Leveraging their respective strengths in regional governance, policy guidance, resource integration, carbon neutrality integrated services, new energy technology applications and digital technology, both parties will jointly promote the development of a county-level green and low-carbon circular economy and establish a long-term and stable strategic partnership.As the first project under the strategic cooperation, the first phase of the microgrid smart battery swapping project jointly promoted by the group and the Huaxian County Peoples Government, comprising 20 battery swapping cabinets, officially commenced construction on April 24 this year and is expected to begin operations in early May. The project adopts a "battery swapping instead of charging" model, capable of serving approximately 300 food delivery riders and 1,000 residential users per day. (ss/w)(HK stocks quote is delayed for at least 15 mins.)
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