Core Insights - 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 [1] - 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][2] - A total of 22 national standards for power battery recycling and utilization have been released, covering various aspects such as general requirements, management specifications, disassembly standards, residual energy detection, and recycling of lithium-ion waste [1] Industry Developments - Fujian Province has established a standardized demonstration model that integrates technological innovation with standard development, positioning itself as a significant production base for the national power battery industry [1] - 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, with plans to process over 120,000 tons of waste batteries in 2024 [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 [1] Future Directions - The next steps involve accelerating the construction of the power battery recycling standard system, focusing on areas such as green design, residual energy detection, discharge, storage, and directional recycling [2]