Recently, Radio Television Hong Kong (RTHK) invited the subsidiary of Envision Greenwise Holdings Limited (“Envision Greenwise”, 01783.HK) - Chun Yang International (HK) Co., Ltd. to introduce the sustainable EV battery solution to the public. 

"Hong Kong United" – a program produced by RTHK recently visited the EcoPark for an interview to learn about Hong Kong recycling industry development. Ms. Kwok Ho Yee, the Chief Operating Officer and Executive Director of Envision Greenwise Holdings Limited, Managing Director of Chun Yang International (HK) Co., Ltd., (“Chun Yang International”) was invited to share about the recycling process and value of the retired EV batteries.

Ms. Kwok explained that EV batteries, while in operation, will degrade gradually until reach the end of life. The "Hong Kong's First EV Battery Processing Plant", which is currently under construction, will process retired EV batteries in eco-friendly ways in the future. She introduced that the Plant, as a licensed collector, will collect batteries from local car dealerships and agents and conduct cascade utilization and metal extraction based on various statuses of batteries. After technical processing, these batteries could either being reused in small energy storage systems or directly turned into raw battery materials, thereby completing the recycling of retired EV batteries.

Since obtaining Hong Kong's first Waste EV Battery Disposal License in 2022, Chun Yang International has reached full compliance in the process of "transportation-disposal-export" of EV batteries. In addition, under the strong support of Envision Greenwise's extensive network of partners, Chun Yang International continues to work with global partners to develop sustainable solutions for EV batteries, and has achieved a recycling rate of over 97%. In June 2024, Chun Yang International officially started the construction of "Hong Kong's First EV Battery Processing Plant", after completion, the Plant will adopt advanced technology to upgrade EV battery disposal techniques, promote the development of new quality productive forces in Hong Kong, and contribute to the development of green transportation and circular economy worldwide.