Lithium battery recycling industry prospect

It is generally believed that the average lifespan of new energy vehicle power batteries is 5-8 years. According to this calculation, the first batch of large-scale mass-produced power batteries in my country has entered the critical point of elimination, and the recycling market is about to explode. It is estimated that by 2025, the recycling volume of waste power batteries in my country will reach about 137.4GWh (110 tons), which is more than five times that of 2020. In the future, the echelon battery market space will exceed 70 billion, and the market prospect of 100 billion can be expected in the future.

If waste batteries can be recycled and reused, not only can a large amount of natural mineral resources be saved, but also various hazards caused by waste batteries can be eliminated. However, my country's waste battery recycling is mainly dominated by small and medium-sized enterprises, and has not formed an influential enterprise. Therefore, the overall development potential of this industry is still very large. However, due to my country's current pursuit of ecological environment protection, even many companies that want to enter the waste battery recycling industry maintain a wait-and-see attitude. The good news is that as the battery life of my country's new energy vehicles gradually expires, a large number of companies have targeted the power battery recycling market.

Currently, the entire battery recycling industry is still in the initial stage of development, and it will take more time to improve the recycling network and the number of scrapped batteries. Because scrambling for channels has become the key to the competition of recycling companies, this just reflects that the current channel construction has not yet been completed.

The recycling of power batteries is not only in line with the green positioning of new energy vehicles, but also conducive to the recycling of resources such as lithium and cobalt, which is of great significance to reduce dependence on natural resources. Although my country has vigorously supported the development of the power battery recycling industry in recent years and introduced a series of supporting policies, there is still a shortage of technical talents in the field of battery recycling. In order to better establish a recycling market for waste lithium batteries, a series of lithium battery recycling equipment, lithium battery cathode material processing equipment, and lithium battery anode material disposal process equipment currently on the market are in line with the processing needs and application markets of waste batteries.

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