Core Insights - The rapid development of China's new energy vehicle (NEV) industry is highlighted, with production and sales expected to reach 16.626 million and 16.49 million units respectively by 2025, marking year-on-year growth of 29% and 28.2% [1] - The sales of new energy vehicles are projected to account for 47.9% of total new car sales in the country by 2025 [1] Industry Developments - The core component of NEVs, the power battery, will enter a retirement phase when its capacity degrades to a certain level, necessitating recycling [1] - The Ministry of Industry and Information Technology reports significant progress in the establishment of a recycling system for used power batteries, with a comprehensive utilization volume expected to exceed 400,000 tons by 2025, reflecting a year-on-year increase of 32.9% [1] - Major companies are achieving international advanced levels in the recovery rates of metals such as lithium, cobalt, and nickel from used batteries [1] Future Projections - Research indicates that China is approaching a phase of large-scale retirement of power batteries, with an estimated generation of over 1 million tons of waste batteries expected by 2030 [1]
工信部:2025年我国新能源汽车废旧动力电池综合利用量超40万吨