Group 1: Forum Overview - The 21st China Automotive Industry Development (Tianjin) International Forum was held from September 11 to 14 in Tianjin Binhai New Area, focusing on the theme "Increasing Momentum, Opening New Chapters, Towards Global" [1] - The forum featured discussions on low-carbon development and resource recycling opportunities in the automotive industry, with participation from research institutions, industry organizations, and enterprises [1] Group 2: Key Insights on Extended-Range Electric Vehicles (EREVs) - EREVs are recognized as a key contributor to achieving carbon peak by 2030, with high fuel-saving rates attributed to several technological advancements [3] - Key technologies include reduced material usage in batteries, high thermal efficiency of internal combustion engines exceeding 45%, and energy recovery from braking and downhill driving, which can save 10%-15% fuel [3] Group 3: Green Low-Carbon Standards Development - The China Automotive Technology Research Center's chief expert highlighted ongoing efforts to improve the standard system for solid-state batteries and battery swapping technologies [4] - Emphasis is placed on accelerating the development of standards in key areas such as carbon management, energy saving, and recycling [4] Group 4: Opportunities in Vehicle Recycling - The vehicle replacement program has significantly boosted the scrapped vehicle recycling industry, with a reported 8 million vehicles recycled last year, marking a 64% year-on-year increase [5] - The growth is attributed to supportive policies, and the recycling sector is seen as essential for optimizing automotive products and upgrading the industry structure [5] Group 5: Battery Recycling Challenges - The demand for battery recycling is expected to surge, with projections indicating a rise from over 100 GWh to over 3,000 GWh by 2030, necessitating the recovery of approximately 10,000 tons of batteries per GWh [6] - Collaboration with research institutions and enterprises is essential to enhance the purity and energy efficiency of recycled materials [6] Group 6: EPR Policy and Industry Development - A report on the Extended Producer Responsibility (EPR) system was released, emphasizing the need to enhance resource recycling and standard systems while strengthening industry collaboration [7] - The report aims to support policy formulation and industry development towards a higher level of green and sustainable growth in the automotive sector [7]

Core Insights - The export of "new three items" has exceeded 1 trillion yuan in 2023, significantly boosting the battery industry and related sectors [1] - China holds 70% of global battery production capacity, with over 25% allocated for export, indicating a strong international presence [1] - The battery recycling industry is expected to flourish as retired batteries from exports enter the market, with China having a technological advantage in recycling [1][3] Industry Overview - The battery recycling industry is characterized by three main stages: generation, processing, and reuse of waste batteries [7] - In China, waste batteries are traded in a resource market, while in Europe and the U.S., they operate in a subsidy market where disposal often incurs fees [6][8] - The differences in battery types and recycling processes between China and Western markets highlight the challenges of directly applying domestic practices abroad [7][8] Company Strategy - The essence of battery recycling overseas is not merely exporting products but rather localizing technology and services to meet specific market needs [2][9] - 博萃循环 (Bocui Recycling) focuses on providing customized recycling solutions based on local requirements, rather than replicating domestic models [3][9] - The company has established partnerships with local entities, such as ONCE in Spain, to facilitate project implementation and gain access to local subsidies [10][11] Market Dynamics - The European market is a key destination for Chinese electric vehicle and battery exports, representing the largest battery recycling market outside of China [12] - 博萃循环 has expanded its operations to over ten countries, providing services to major global energy firms and executing more than 60 projects [11][12] - The company has recently completed a significant financing round to support overseas projects and core technology development [11]