CATL(SZ:300750) Zheng Quan Shi Bao·2025-10-17 13:39Core Viewpoint - The Chinese market is entering a large-scale retirement phase for power batteries, with significant growth expected in the recycling sector, projected to exceed 30 million tons in 2024 and surpass 100 billion yuan by 2030 [1][2]. Group 1: Market Overview - The domestic power battery recycling volume is expected to exceed 300,000 tons in 2024, corresponding to a market scale of over 48 billion yuan [1]. - By 2030, the domestic market scale for power battery recycling is projected to exceed 100 billion yuan [1]. Group 2: Standardization Efforts - The State Council has approved an action plan to improve the recycling system for power batteries, emphasizing the need for a standardized framework to ensure safe and efficient recycling [2]. - A total of 22 national standards for power battery recycling have been released, covering various aspects such as general requirements, management norms, disassembly standards, and recycling of lithium-ion waste [2][3]. Group 3: Impact of New Standards - The introduction of standards has effectively removed compliant black powder from hazardous waste classification, significantly reducing operational risks for companies and potentially attracting more players to the industry [3]. - The implementation of national standards has led to high recovery rates, with some companies achieving nickel, cobalt, and manganese recovery rates of 99.6% and lithium recovery rates of 96.5% [3]. Group 4: Challenges and Future Directions - The recycling market still faces issues such as capacity mismatch, illegal recycling, and safety hazards, which the new standards aim to address [4]. - Future standardization efforts will focus on source management, process management, and safety regulation to enhance the overall efficiency and safety of battery recycling [5]. Group 5: International Participation - China is transitioning from a participant to a leader in international battery recycling standardization, actively engaging in the development of global standards [6]. - Chinese experts are involved in key international projects related to battery performance evaluation and recycling guidelines, with significant contributions to the IEC international standard proposal [6]. Group 6: Local Initiatives - Local practices, such as those in Fujian Province, have set examples for national implementation, including legislative measures and financial incentives for standard development [6][7]. - Companies like CATL's subsidiary, Bangpu Recycling, have achieved high recovery rates and significant processing volumes, demonstrating the effectiveness of these initiatives [7].