Enterprise Singapore China Division Representatives Visit Rikomay

April 16, 2025 — Mr. Li Yilin, Deputy Director of Enterprise Singapore China Division, and Ms. Chen Na, Representative of Wuhan Office, Enterprise Singapore China Division, visited Wuhan Rikomay for a technical exchange. The delegation was welcomed by Mr. Cao Yuancheng, Chairman of Wuhan Rikomay, and Mr. Deng Xiaoxin, Co-President.

From left to right: Chen Na, Cao Yuancheng, Li Yilin, Deng Xiaoxin

The delegation engaged in in-depth discussions on ​power battery recycling technology R&D, ​market expansion strategies, and ​green circular economy frameworks. Mr. Li highly commended Rikomay’s innovative practices and strategic planning in full-dry power battery recycling systems.

As a key platform for Singapore’s government to promote corporate internationalization, Enterprise Singapore’s China Division representatives acknowledged Rikomay’s "circular economy" vision. Mr. Cao Yuancheng highlighted Rikomay’s fully autonomous developed technology and equipment system, achieving a ​99% comprehensive recovery rate for power batteries.

The discussions focused on collaboration opportunities in Southeast Asia’s booming EV battery replacement market. Rikomay’s advanced technology, combined with local resources, offers Singapore and Southeast Asian nations ​green, compliant, and efficient battery recycling solutions.

Beyond technical exchanges, both sides shared insights on environmental policies and corporate social responsibility. The meeting strengthened bilateral trust, marking a new chapter in China-Singapore cooperation to advance global green industries.

Rikomay Attends Business China Leadership Program Gala Dinner in Wuhan

On the evening of April 17 — Rikomay Chairman Cao Yuancheng attended the ​Business China Advanced Leaders Programme Gala Dinner in Wuhan’s Hanyang District. Business China Chairman ​Lee Yi Shyan and President ​Ho Chee Hin, alongside other Singaporean political and business elites, were present. Rikomay Co-President Deng Xiaoxin accompanied Chairman Cao Yuancheng.

Key Speeches and Exchanges:

• ​Opening Remarks by President Ho Chee Hin:
  "China’s rapid advancements in technological innovation are astonishing. Business China will continue serving as a bridge to facilitate more Singaporean enterprises’ participation in China’s development while enabling bidirectional knowledge exchange between Chinese wisdom and Singaporean expertise, injecting new momentum into regional and global collaboration." 

• ​Entrepreneurial Sharing by Chairman Cao Yuancheng:
  Chairman Cao Yuancheng delivered a heartfelt address, starting with a video highlighting Rikomay’s achievements. He shared his entrepreneurial journey:

  "Transitioning from academia to industry is a gamble with a slim survival rate. At my lowest point, lab prototypes failed 37 consecutive times. Yet my unwavering commitment to circular economy principles kept me going."
  His speech, punctuated by prolonged applause, emphasized perseverance and passion in green tech innovation.

Event Highlights:

• ​Technical Discussions: In-depth exchanges on ​power battery recycling systems, ​Southeast Asia market expansion, ​carbon neutrality strategies, and ​cross-border partnership models.
• ​Networking: Rikomay’s team engaged with Business China delegates, exchanging business cards and exploring synergies in green technology commercialization.
• ​Memorable Conclusion: Participants posed for group photos, symbolizing accelerated international cooperation.

Rikomay’s Global Deployment Strategy
As Rikomay’s overseas headquarters, Singapore will function as a global green hub. Key initiatives include:

1. ​Technology Export:
   • Deploying ​modular recycling plants (300-ton/day capacity) in Southeast Asia via partnerships with local resource owners.
   • Co-developing ​blockchain-based battery traceability systems with Business China.
2. ​Operational Framework:
   • Implementing a dual-model strategy:
     • Domestic "1+N" Operations: Centralized R&D in Wuhan + distributed production hubs.
     • Overseas Resource Integration: Leveraging local partnerships for market penetration.

Business China Overview
Founded in November 2007 by Singapore’s founding Prime Minister Lee Kuan Yew, Business China connects bilingual professionals and enterprises to deepen China-Singapore economic collaboration.