Recently, a research report by CITIC Securities pointed out that the rapid development of electric vehicles in recent years has led to a continuous increase in the installed capacity of power batteries, providing strong support for the growth space of battery recycling in the future. Considering the 6-8 year battery service cycle and the promotion of the old-for-new policy, it is expected that the turning point of large-scale production of retired batteries will be approaching. It is expected that the global retired battery recycling volume will reach 831 GWh by 2030, with a market value of over Yuan 100 billion.
Edited by Cassie Li, lixiangying@mysteel.com
