Core Insights - The domestic market for power battery recycling in China is expected to exceed 100 billion yuan by 2030, driven by the upcoming large-scale retirement of power batteries [1] - In 2024, the domestic recycling volume of power batteries is projected to surpass 300,000 tons, corresponding to a market scale of over 48 billion yuan [1] Industry Developments - The State Administration for Market Regulation, in collaboration with the Ministry of Industry and Information Technology, is actively promoting the development of national standards for the entire power battery recycling industry chain [1] - A total of 22 national standards for power battery recycling have been published, covering various aspects such as general requirements, management specifications, disassembly standards, residual energy detection, and recycling of lithium-ion waste [1] Company Initiatives - Contemporary Amperex Technology Co., Ltd. (CATL) subsidiary, Bangpu Recycling, has achieved a nickel-cobalt-manganese recovery rate of 99.6% and a lithium recovery rate of 96.5% through its DRT directional recycling technology [1] - In 2024, Bangpu Recycling plans to process over 120,000 tons of waste batteries and produce 17,100 tons of regenerated lithium salt [1] - Quanzhou Qingneng Company aims to process 237 tons of retired batteries in 2024, resulting in a carbon reduction of 238 tons and generating a revenue of 23 million yuan [2] Future Directions - The next steps include accelerating the construction of the power battery recycling standard system, focusing on green design, residual energy detection, discharging, storage, and directional recycling [2]

Core Viewpoint - The National Market Regulation Administration (NMR) emphasizes the importance of establishing a standardized system for the recycling and utilization of power batteries to support the high-quality development of the industry, especially as China approaches a large-scale retirement phase for these batteries by 2024 [4][13]. Group 1: Industry Development and Market Size - China is projected to recycle over 300,000 tons of power batteries by 2024, corresponding to a market size exceeding 48 billion yuan, with expectations to surpass 100 billion yuan by 2030 [4]. - The rapid growth of the new energy vehicle industry has positioned China as a major producer and user of power batteries, necessitating a robust recycling framework [4][13]. Group 2: Standardization Efforts - The NMR has approved and published five national standards related to battery recycling, contributing to a total of 22 standards that cover various aspects such as general requirements, management norms, disassembly standards, and recycling of lithium-ion waste [5]. - A national technical committee for power battery recycling is being established to enhance the coordination of standards across the entire industry chain, including raw materials, battery production, and recycling processes [6]. Group 3: Implementation and Impact of Standards - The implementation of standards has led to significant improvements in the recycling industry, with some companies achieving nickel, cobalt, and manganese recovery rates of 99.6% and lithium recovery rates of 96.5% [7]. - The standards have facilitated the safe and efficient collection, transportation, and processing of retired batteries, ensuring environmental protection and compliance with safety regulations [9][10]. Group 4: Future Plans and International Cooperation - The NMR plans to accelerate the development of additional important standards and enhance the technical organization for battery recycling, aiming to improve the overall standard system [7][24]. - China is actively participating in international standardization efforts for battery recycling, with experts involved in the development of global standards and guidelines [20][22].

Core Insights - The rapid development of the new energy vehicle industry has positioned China as a major producer and user of power batteries, leading to an impending large-scale retirement phase for these batteries [1] - 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, with projections indicating that the market will surpass 100 billion yuan by 2030 [1] Group 1 - Since the 13th Five-Year Plan, the Ministry of Industry and Information Technology (MIIT) and the State Administration for Market Regulation have issued over 30 national and industry standards related to power battery recycling, establishing a preliminary standard system [1] - The implementation of standards such as "Vehicle Power Battery Recycling and Utilization Disassembly Specifications" has led to significant industry promotion, resulting in high recovery rates of nickel, cobalt, and lithium, achieving 99.6% and 96.5% respectively [1][2] Group 2 - The complex structure and diverse application scenarios of power batteries pose challenges for efficient recycling, prompting the establishment of a national standardization technical committee for power battery recycling [2] - The MIIT is prioritizing the development of mandatory national standards to ensure safety in key recycling processes, including the formulation of safety technical requirements for battery disassembly and crushing [2]

Core Insights - The rapid development of the new energy vehicle industry in China is leading to a significant increase in the scale of retired power batteries, with an expected recovery volume exceeding 300,000 tons in 2024, corresponding to a market size of over 48 billion yuan [1][2] - The Chinese government has issued 22 national standards for power battery recycling, covering various aspects such as general requirements, management norms, disassembly standards, and recycling processes, which support the high-quality development of the recycling industry [2][3] - The implementation of these standards has resulted in significant recovery rates for materials, with some companies achieving nickel-cobalt-manganese recovery rates of 99.6% and lithium recovery rates of 96.5%, promoting sustainable development in the industry [2] Industry Developments - The Ministry of Industry and Information Technology, in collaboration with the State Administration for Market Regulation, will accelerate the revision of green design standards for power batteries, encouraging manufacturers to adopt resource-saving and easily recyclable product designs [3] - The government is also working on mandatory national standards for safety in battery disassembly and recycling, as well as enforcing safety standards for lithium-ion batteries used in electric bicycles, prohibiting the reuse of retired power batteries in this sector [3] - The ongoing development of foreign language versions of national standards aims to enhance the international influence of Chinese standards and promote the global application of power battery recycling technologies [2]

Core Viewpoint - The National Market Regulation Administration has established national standards for the recycling and utilization of power batteries, emphasizing the importance of strategic metals like lithium, cobalt, and nickel in the context of the rapidly growing electric vehicle industry [1][2] Group 1: National Standards and Regulations - The National Market Regulation Administration has implemented national standards that require a comprehensive recovery rate of no less than 98% for nickel, cobalt, and manganese, and no less than 85% for lithium [1][2] - These standards are designed to support the development of "urban mines" from power batteries, ensuring the recovery of important metal resources [1] Group 2: Recycling System and Process - The standards provide detailed guidelines for the construction of recycling service points, including site selection, facilities, and personnel requirements, ensuring compliance and safety throughout the battery recovery process [1] - The regulations aim to prevent environmental pollution and safety incidents, laying a solid foundation for subsequent comprehensive utilization [1] Group 3: Key Intermediate Products and Resource Efficiency - The national standard for recycled black powder defines its properties, chemical composition, and harmful substance limits, which is crucial for improving the quality of domestic recycled black powder and ensuring environmental safety in downstream smelting processes [2] - The standards set strict resource recovery rate indicators, promoting investment in advanced recycling technologies and optimizing processes to maximize the recovery of important metal resources [2]

Core Viewpoint - The rapid growth of China's new energy vehicle (NEV) market, with annual production and sales exceeding 13 million units, is leading to a significant wave of retired power batteries, prompting the need for standardized recycling practices [1] Group 1: Regulatory Developments - The Ministry of Industry and Information Technology (MIIT) emphasizes the importance of implementing mandatory standards for lithium battery products, including the prohibition of reusing retired power batteries in electric bicycles [1] - Since the 13th Five-Year Plan, over 30 national and industry standards related to power battery recycling have been published, establishing a preliminary standard system for battery recycling [1] Group 2: Future Standards and Safety - Future efforts will focus on three main categories of standards: enhancing source management to promote green battery design, improving the recycling process standard system, and establishing safety requirements for battery disassembly and crushing [1] - The MIIT aims to strengthen safety guarantees in key recycling processes and explicitly prohibit the reuse of retired power batteries in electric bicycles [1]

Core Insights - The rapid development of the new energy vehicle industry has positioned China as a major producer and user of power batteries, leading to an impending large-scale retirement phase for these batteries [1] - The domestic power battery recycling volume is expected to exceed 300,000 tons in 2024, corresponding to a market size of over 48 billion yuan, with projections indicating that the market will surpass 100 billion yuan by 2030 [1] Group 1: Regulatory Framework - The establishment of a comprehensive recycling standard system is underway, with 22 national standards already published covering the entire recycling chain [1] - The recent implementation of five national standards by the State Administration for Market Regulation has further strengthened the standard system, including the standard for recycled black powder for lithium-ion batteries, which allows for the free import of compliant materials [1] Group 2: Efficiency Improvements - The implementation of standards has led to significant improvements in recycling efficiency, with some companies achieving a nickel-cobalt-manganese recovery rate of 99.6% and a lithium recovery rate of 96.5% [1] - In the collection and storage phase, standards have clarified requirements for packaging, classification, transportation, and information traceability, ensuring safe and controllable processes for retired batteries [2] - The disassembly process has become over 50% more efficient due to the new standards, promoting safer and more environmentally friendly practices [2] - In the chemical regeneration phase, standards have regulated harmful substance handling and energy consumption, resulting in a reduction of overall energy consumption by over 30% and effectively decreasing pollutant emissions [2] Group 3: Future Directions - The State Administration for Market Regulation plans to continue revising and developing national standards focusing on green design, residual energy detection, and storage utilization to enhance the support and guiding role of standards in the power battery recycling system [2]