Bei Ke Cai Jing·2025-11-03 08:21Core Insights - The large-scale retirement of electric vehicle batteries is creating a trillion-yuan recycling market, with retired batteries being diverted into "cascade utilization" and "recycling" paths based on their health status [1][2][16] Group 1: Market Overview - The recycling market for retired batteries is projected to exceed 400 million tons, with an industry value expected to surpass 280 billion yuan [18] - The recovery volume is anticipated to exceed 300,000 units, with a market scale of approximately 48 billion yuan [19] Group 2: Battery Lifecycle - The process from battery retirement to recycling involves several stages: health status detection, sorting, reorganization, and system integration for cascade utilization [4][12] - For recycling, automated disassembly and wet metallurgy techniques are employed to recover valuable metals like lithium, cobalt, and nickel, achieving recovery rates of 99.6% for certain metals and 96.5% for lithium [7][9][14] Group 3: Application Scenarios - Cascade utilization applications include energy storage bases (such as 5G base stations and photovoltaic storage systems), low-speed vehicles (like electric forklifts and sightseeing cars), and backup power sources (UPS) [11][10] Group 4: Industry Participants - Battery sources include vehicle manufacturers (OEMs) like BYD, SAIC Group, and Geely, as well as battery producers like CATL and Guoxuan High-Tech [23][24] - Recycling and channel partners include companies like Greeenme and Tianqi, which build recycling networks and collaborate with manufacturers for battery collection [27][28] - Processing and recycling firms include Greenme and BYD, which handle the final recycling stages [30][31] - End-users of recycled materials include battery material producers who utilize recovered materials to manufacture new batteries [36]