电动车动力电池退役后去哪了？一动力电池回收企业连亏3年

Core Viewpoint - The article discusses the challenges faced by the lithium battery recycling industry in China, particularly focusing on Guangdong Jingsheng New Energy Co., Ltd., which is preparing for an IPO despite having incurred losses for three consecutive years. The company aims to establish a circular economy model for lithium batteries but faces significant operational and financial hurdles [1]. Group 1: Company Overview - Guangdong Jingsheng New Energy Co., Ltd. has recently disclosed its prospectus as it prepares for a listing in Hong Kong, with China International Capital Corporation and China Merchants International as joint sponsors [1]. - The company reported a brief period of profitability in 2022, but has been in a loss-making position for the three years leading up to its IPO [1]. Group 2: Industry Context - The rapid increase in electric vehicle sales in China since 2020 has led to a growing number of retired lithium batteries, raising questions about their recycling and processing [1]. - According to Frost & Sullivan, the volume of retired batteries in mainland China is expected to remain below 500,000 tons in 2024, but will exceed 1 million tons by 2027 and approach 5 million tons by 2031 [1]. Group 3: Financial Challenges - The company has faced significant losses attributed to the volatility in the prices of lithium carbonate and other products, which has led to the devaluation of high-cost inventory [1]. - The sustainability of the company's business model is questioned, particularly regarding its ability to maintain operations in the face of ongoing losses in the recycling segment [1].