Lithium battery recycling market potential -Lithium - Ion Battery Equipment

Lithium battery recycling market has great potential -Lithium - Ion Battery Equipment

With the continuous increase in the number of new energy vehicles in the Chinese market, the cascade utilization of power batteries will receive sufficient attention in 2018. At present, relevant state departments have actively and properly put forward solutions, and major companies have also made plans for the future market potential.

At the minister's passage after the National People's Congress and the National People's Congress in March this year, Miao Wei, Minister of Industry and Information Technology, made it clear that my country's new energy vehicle production and sales have ranked first in the world for three consecutive years, and the total number of new energy vehicles promoted has exceeded 1.8 million. my country's new energy vehicles basically keep pace with the international advanced level.(Lithium - Ion Battery Equipment)

According to the data of the China Automobile Association, in 2017, the cumulative sales of new energy vehicles in my country was 777,000, a year-on-year increase of 53.3%. It is expected that the annual production and sales in 2018 will exceed 1 million.

The huge production, sales and ownership of new energy vehicles, once the power battery is scrapped, the base can be imagined. In fact, my country's new energy vehicle power batteries are about to usher in the first wave of scrapping peaks. Even many analysts believe that 2018 will become the "first year of scrapping power batteries" for my country's new energy vehicles.

In fact, by the end of last year, the number of new energy vehicles in the country reached 1.53 million. According to the life of the power battery, the power battery will usher in a "retirement period" this year. According to industry estimates quoted by authoritative media, the domestic waste power battery recycling market will reach 5 billion yuan this year. According to the state's development plan for new energy vehicles, by 2020, the scrapped power battery will reach a scale of 120,000 to 170,000 tons, which is also the first peak period for recycling.

The vast market for retired power batteries has emerged. Whether from the perspective of environmental protection or the maximum utilization of resources, the recycling of power batteries is already on the horizon, and its utilization value is becoming increasingly prominent. It is understood that CATL, the leader in the power battery industry, has begun to establish a complete power battery cascade utilization system. Its main business involves three sub-sectors of power battery production, lithium battery energy storage and power battery recycling. With its successful listing, it will definitely improve the upstream and downstream industries of vibratory batteries and bring greater imagination to the recycling market.



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