CATL(SZ:300750) Mei Ri Shang Bao·2026-01-22 00:25Core Viewpoint - The new regulations for the recycling and comprehensive utilization of used power batteries from new energy vehicles (NEVs) will take effect on April 1, 2026, addressing the urgent need for standardized recycling processes as the first batch of NEVs approaches retirement [1]. Group 1: Regulations on Non-Swap Battery Vehicles - For non-swap battery vehicles, the core requirement is that the power battery must be handed over together with the vehicle to a qualified recycling and dismantling organization upon retirement [2]. - By 2025, the total amount of retired power batteries in China is expected to reach 820,000 tons, and it is projected to exceed 1 million tons by 2030 [2]. - The new regulations include a "digital ID" for each battery, allowing for full lifecycle tracking from production to recycling, which aims to prevent illegal sales and ensure consumer protection [2]. Group 2: Clarifications for Battery Replacement and Recycling Channels - Vehicle owners are advised to keep records of battery replacements and recycling receipts to avoid complications during the vehicle retirement process [3]. - The regulations require battery manufacturers to establish recycling points in each province, while NEV manufacturers must cover recycling points down to the prefecture level, simplifying the recycling process for vehicle owners [3]. - Strict penalties are established for those who illegally repurpose used batteries for other applications, with fines ranging from 10,000 to 100,000 yuan for serious violations [3]. Group 3: Exemptions for Swap Battery Vehicles - Swap battery vehicles are exempt from the "vehicle-battery integration" requirement, recognizing the unique nature of the battery swap model [4]. - The decision to exempt swap vehicles is based on the growing prevalence of battery swap networks, such as those operated by NIO and CATL, which have established extensive infrastructure [4]. - The regulations will allow for different ownership models of batteries, whether purchased outright or rented, without requiring the battery to be returned with the vehicle upon retirement [4]. Group 4: Recycling Technology and Market Regulation - The recycling technology for used power batteries in China has matured, with some companies achieving recovery rates of 99.6% for nickel-cobalt-manganese and 96.5% for lithium [5]. - The implementation of the new regulations is expected to further reduce illegal recycling activities, leading to a more regulated and orderly recycling market [5]. - The overall lifecycle management system for NEVs will become more robust, enhancing environmental protection and public safety while improving the user experience for vehicle owners [6].