观车 · 论势 || 激活循环经济 让“含绿量”成为“含金量”

Core Viewpoint - The recent release of multiple policy documents emphasizes the importance of "green," "circular," and "reutilization" in the automotive recycling industry, highlighting the urgent need for a comprehensive recycling system in the automotive sector [1][2]. Policy Initiatives - The "Action Plan for Promoting the Application of Recycled Materials" aims to enhance the recycling and disassembly of scrapped vehicles and improve the recycling system for used batteries, with a target to increase the proportion of recycled materials in automotive manufacturing by 2030 [1]. - The Ministry of Commerce and other departments issued a notice encouraging automotive manufacturers to establish reverse logistics systems for the reuse of components [1]. - The State Council's "Comprehensive Solid Waste Management Action Plan" calls for the participation of automotive and battery manufacturers in recycling efforts [1]. Market Dynamics - China's automotive market is transitioning from a growth market to a stock market, with scrapped vehicles expected to reach 17.673 million from 2024 to 2025, reflecting an annual growth rate of 45% [2]. - The retirement of power batteries from electric vehicles is also anticipated, necessitating effective recycling to mitigate environmental burdens and capitalize on the potential of "urban mining" [2]. Industry Practices - Leading automotive companies are increasingly adopting circular economy practices, such as Geely's focus on recycling manufacturing waste and NIO's high average recyclability rate of 91.4% for sold vehicles [3]. - CATL's Hunan Bangpu has developed battery recycling technology that achieves over 99.3% recovery rates for key metals [3]. Challenges - Despite advancements, the current recycling and disassembly utilization rates for scrapped vehicles in China remain low due to inadequate awareness, an incomplete system, and insufficient regulatory oversight [3]. Economic Incentives - To stimulate the automotive circular economy, the implementation of subsidies and incentives is suggested, such as a green consumption points system for consumers and targeted financial support for high-value recycling projects [4]. - The establishment of a robust automotive recycling system requires activating the intrinsic motivation of enterprises to make recycling a sustainable business model [4]. Industry Capacity - As of November 2025, over 1,900 qualified scrapped vehicle recycling enterprises exist in China, providing a solid foundation for orderly recycling operations [5]. - The focus on "green" development will shift the automotive industry's value assessment from mere sales figures to include low-carbon transformation and resource security [5].