随着我国新能源车产业迈入高质量发展新阶段，动力电池"退役潮"正加速而至。 商务部数据显示，截至10月22日，2025年以旧换新的超1000万份申请量中，汽车报废更新超340万份，置换更新超660万份，新能源车占了其中的57.2%。 图/2025年全国汽车以旧换新补贴申请情况 来源/央视新闻 新能源观截图 2018年12月31日前注册登记的新能源车无疑是这波报废更新的主力。一方面它们使用年限长、电池衰减快、续航普遍较小，电池技术相对落后容易出现安 全隐患等问题；另一方面，它们符合报废补贴更新标准，可以为车主带来最高2万元的补贴。 报废新能源车最值钱的当然还是动力电池。 而作为消费者，如何处理自己的新能源车及动力电池，在保证自己收益最大化的前提下，又不会给环境生态造成潜在风险呢？ 1. 动力电池退役大潮来临 我国新能源汽车产业在2014-2017年迎来首轮爆发式增长，彼时主流车企提供的电池质保政策普遍为8年/12万公里。按照动力电池平均寿命计算，首批大 规模装车电池正密集进入退役阶段。 北京的李先生在2016年买了一辆北汽新能源EV160代步，刚开始几年续航比较扎实，达成率超过90%，在春秋季不开空调的情况下，甚 ...

北京商报记者在采访中发现，正规回收企业普遍面临"无米下炊"的窘境，因为大量分散的"小作坊"在抢购废旧电池时能开出比正规企业高出10%—15%的价 格。 "上门回收、半小时到场、现场结算"……网络平台上，像这样"服务周全"的动力电池回收广告随处可见。随着新能源汽车普及提速，叠加储能、便携装备等 多元应用场景持续扩容，回收市场也呈现出供需两旺的态势。 但这番热闹背后，动力电池回收市场正深陷内忧外困："白名单"内的正规企业受技术投入大、合规运营成本高等因素制约，在价格竞争中明显处于劣势；与 之形成鲜明对比的是，无资质的小作坊凭借低成本优势，以低价策略致使超六成退役电池流入非法渠道，带来多重隐患。 正规军窘境：成本倒挂下的"无米之炊" 市场监管总局近日披露，2024年国内动力电池回收量超30万吨，市场规模达480亿元，动力电池回收市场迅速崛起。回收动力电池兼具环保与经济价值，从 环保角度，其含有的化学物质若随意丢弃会严重污染土壤和水源；从经济角度，退役电池可梯次循环利用，且富含锂、钴、镍等有价金属，回收再利用能降 低生产成本、提高资源利用率、形成新经济增长点。 然而，在目前的动力电池回收领域，全面符合国家标准规范的" ...

Core Viewpoint - The article discusses the growing issue of retired electric vehicle batteries in China, emphasizing the importance of recycling and repurposing these batteries to prevent environmental harm and to recover valuable metals like lithium, cobalt, and nickel, which are crucial for the industry [1][3]. Group 1: Battery Recycling and Utilization - China's electric vehicle battery stock has surpassed 40 million units, with the first generation of batteries entering a phase of large-scale retirement [1]. - The recycling of retired batteries can be categorized into two main methods: regeneration, which involves extracting valuable metals through processes like disassembly and smelting, and cascade utilization, which repurposes batteries for other applications such as emergency power sources [2][3]. - The market for battery recycling has already exceeded 300,000 tons, corresponding to a market size of over 48 billion yuan, with projections indicating it could surpass 100 billion yuan by 2030 [3]. Group 2: Challenges in Recycling - The battery recycling market in China is large but lacks standardization, leading to issues with unregulated small workshops profiting from the recycling process [4][5]. - The competition in the recycling market is intense, with many legitimate companies struggling to compete against informal channels that offer higher prices for retired batteries [5]. - There are significant challenges in the technical aspects of battery recycling, including reliance on manual labor for disassembly, which can lead to safety hazards and inefficiencies [5]. Group 3: Regulatory Framework and Standards - The Chinese government has introduced 22 national standards for battery recycling, covering various aspects such as collection, transportation, and processing to ensure safety and environmental protection [6][7]. - New standards have been established to improve the efficiency of battery disassembly by over 50% and to ensure that harmful substances are managed properly during the recycling process [6][7]. - The development of international standards for battery recycling is underway, with Chinese experts actively participating in international standardization efforts [8].

四川日盛铜箔科技股份有限公司拥有14条铜箔生产线，产品广泛应用于新能源汽车动力电池、数码设备 电池及储能电池等领域。图为该公司生产车间。 牟 科摄（人民视觉） 在河南省洛阳市的河南赛美科技有限公司，工作人员正加紧生产储能电池组订单产品。 张光辉摄（人民视觉） 中国新能源汽车保有量超过4000万辆，最早一批新能源汽车搭载的动力电池正逐步进入规模化退役阶 段。拆解下来的动力电池，只能报废吗？近年来，中国先后发布动力电池回收利用国家标准22项，不让 动力电池变成环保负担，而是成为可以高效利用的"城市矿产"。 位于安徽省铜陵市郊区经开区的孚悦科技有限公司生产车间，工人们正忙着生产动力电池铝外壳，生产 线满负荷运转。 陈 磊摄（人民视觉） 退役的电池去哪儿了？ "我算是国内比较早的一批'尝鲜'新能源车的用户了。"2017年就购买了油电混动车型的宋女士说，"新能 源车更环保，但开久了，电池性能明显跟不上了。"更换电池，价格不低，最终，她选择了将车报废。 而那块随之退役的动力电池流向何处，她坦言"很关心，但并不清楚"。宋女士表示，希望动力电池能被 环保处理，再次利用。"如果4S店或者厂家能提供一个明确的、方便的回收途径，让 ...

随着新能源汽车产业蓬勃发展，我国已经成为动力电池生产大国和使用大国。根据电池使用寿命推算， 我国即将迎来动力电池规模化退役阶段。据统计，2024年，国内动力电池退役总量约40万吨，回收量突 破30万吨，对应市场规模超480亿元，预计2030年国内市场规模将突破千亿元。 退役不是终点 在武汉动力电池再生技术有限公司厂房，工人与机器人正配合完成拆解工作，模组精细化产线有序运 转。"这是公司自主研发的智能柔性拆解系统，大幅提高了电池包的拆解效率。"武汉动力电池再生技术 有限公司董事长张宇平解释，动力电池尺寸较大，电池包在制作时使用了大量胶，人工拆解难度较大。 机器人通过技术识别，运用新型拆胶技术，实现电芯无损拆解。 "公司建立了高效的电池状态预测模型，拆解后根据电池健康状态进行梯次利用。"张宇平介绍，"新 生"后的退役电池放入储能柜，用于生活区照明、新能源汽车充电、实验室供电等场景，实现旧电池价 值最大化。 "动力电池退役不是终点，后续的合理回收和有效利用不仅是生态环境问题，更是关乎资源安全、产业 竞争力和可持续发展的关键议题。"中国循环经济协会会长朱黎阳表示。 退役动力电池具有双重属性。一方面，对电池的不恰当处理 ...

证券日报网讯格林美11月17日在互动平台回答投资者提问时表示，公司动力电池回收业务作为前瞻性布 局，在2025年上半年的毛利率为7.47%。在退役动力电池循环利用领域，公司率先提出构建新能源全生 命周期价值链的理念，打造了"电池回收—电池剩余能量梯次再利用—原料再制造—材料再制造—电池 再装配"的新能源全生命周期价值链。目前，格林美已与全球超过1，000家汽车企业及电池制造商建立 合作关系，并在中国设立了6家动力电池回收公司，且均已纳入中国工业和信息化部白名单，构建了覆 盖广、合规性强的回收网络体系。2025年前三季度，公司回收拆解的动力电池达到36，643吨，同比增 长59%，延续高速增长，展示广阔回收前景。 （文章来源：证券日报） ...

Core Insights - The domestic power battery recycling market is expected to exceed 300,000 tons in 2024, with a market size of 48 billion yuan, and is projected to surpass 100 billion yuan by 2030 [1][2] - The industry faces multiple challenges, including competition from informal recycling channels, price volatility of key metals, and the need for upgraded recycling processes due to rapid battery technology iterations [2][12] Market Overview - The market is currently in the early stages of a significant growth phase, with expectations of substantial increases in battery recycling volumes over the next three to five years [2] - As of now, there are 148 main recycling companies on the Ministry of Industry and Information Technology's whitelist, but the market lacks unified recycling channels for retired passenger vehicle batteries [2][12] Battery Lifecycle and Utilization - The lifespan of a power battery is typically 8 years or 150,000 kilometers, after which it can be recycled [3] - Retired batteries can either be "second-life" utilized in less demanding applications or "recycled" back into raw materials [4][5] Recycling Processes - "Second-life" utilization involves testing and reassembling batteries for use in applications like public transport and municipal lighting, where energy density requirements are lower [5][7] - Batteries that do not meet the health standards are sent for material recovery, extracting valuable metals like nickel, cobalt, and lithium [6][7] Market Dynamics - The recycling market is heavily influenced by the prices of lithium carbonate and other metals, which have seen significant fluctuations, impacting profitability [8][9] - The price of lithium carbonate peaked at 600,000 yuan per ton in November 2022 but has since dropped below 100,000 yuan per ton in 2023 [8][11] Industry Challenges - The industry is currently facing a supply-demand imbalance, with many compliant companies unable to compete with informal operations that offer higher prices [12][13] - The overall recycling sector is experiencing losses due to high operational costs and low metal prices, making it difficult for compliant companies to remain profitable [13][14] Regulatory Environment - China has established 22 national standards for battery recycling, aiming to create a standardized framework for the industry [18][19] - The government is working to improve the management policies and regulatory frameworks surrounding battery recycling to enhance market efficiency [19][20] Future Outlook - The battery recycling market is expected to grow as regulations and standards improve, and as companies innovate their technologies and processes [20] - The potential for profitability in the recycling sector may increase as the volume of retired batteries rises, leading to lower costs and improved economic viability [20]

Core Insights - The Chinese market is approaching a large-scale retirement phase for power batteries, necessitating significant efforts in battery recycling and utilization [1][2] - The action plan approved by the State Council aims to establish a standardized, safe, and efficient recycling system for power batteries [2] Industry Challenges - The power battery recycling industry is facing several challenges, including an imbalance between input and output, with production costs consistently exceeding sales prices, leading to overall industry losses [3][4] - The market is experiencing overcapacity, with over 180,000 companies involved in battery recycling, but the volume of retired batteries has not yet increased sufficiently to support this many players [4][5] - The presence of small workshops, which account for approximately 80% of the total recycling volume, complicates the market, as they often operate without proper regulations and can offer higher prices than compliant companies [8][11] Technical and Regulatory Issues - There is a lack of unified standards for retired battery assessment and residual value evaluation, which hampers technological advancement in material separation and recovery [6][13] - The recycling network is underdeveloped, with many collection points lacking the necessary infrastructure to handle battery recycling properly [14][15] - Current management policies lack enforceability, and the absence of a robust regulatory framework allows non-compliant entities to thrive [13][10] Market Dynamics - The recycling market is characterized by fierce competition, with small workshops often outbidding compliant companies due to lower operational costs [11][21] - The economic viability of the recycling industry remains uncertain, with only a few companies achieving profitability amid high procurement costs and fluctuating metal prices [19][21] - The future of the industry is expected to trend towards consolidation, with a focus on technological advancements and regulatory compliance to ensure sustainable growth [21][22] Future Outlook - The market for battery recycling is projected to grow significantly, with estimates suggesting that the domestic recycling volume will exceed 300,000 tons by 2024, corresponding to a market size of over 48 billion yuan [3][4] - The dual paths of cascade utilization and recycling are anticipated to coexist, with both sectors expected to expand as the demand for electric vehicles and energy storage solutions increases [17][18] - The industry is calling for national support and policy frameworks to facilitate the development of a comprehensive recycling ecosystem [22]

Core Viewpoint - The Chinese market is entering a phase of large-scale retirement of power batteries, necessitating the establishment of a robust recycling system to ensure safe and efficient recovery of these batteries [1]. Group 1: Industry Challenges - The power battery recycling industry is facing significant challenges, including an imbalance between input and output, with production costs consistently exceeding selling prices, leading to overall industry losses [2][3]. - The market is experiencing oversupply, with over 300,000 tons of production capacity, while the actual demand for retired batteries has not yet materialized, resulting in chaotic competition and price instability [2][3]. - The presence of unregulated small workshops, which account for approximately 80% of the recycling volume, exacerbates the issue by lacking proper processing capabilities and contributing to environmental pollution [4][7]. Group 2: Regulatory and Technical Issues - Current regulations lack enforceability, and the absence of unified standards for retired battery assessment and material separation technology presents significant hurdles for the industry [3][7]. - The recycling network is underdeveloped, with many designated collection points failing to meet basic requirements for battery storage and handling [7][8]. - The lack of a comprehensive tracking system for battery life cycles and the need for stricter regulations are critical for improving the recycling process [6][9]. Group 3: Market Dynamics and Future Outlook - The market for power battery recycling is projected to exceed 48 billion yuan in 2024, with expectations to surpass 100 billion yuan by 2030, indicating a growing opportunity despite current challenges [1][2]. - The industry is expected to undergo consolidation, with a trend towards clustering as companies seek to adapt to modern market demands, although a clear oligopoly is unlikely due to the diverse nature of battery materials and recycling methods [12][13]. - The future of the recycling market is promising, contingent on the establishment of effective regulations and support from the government, which will facilitate the development of a sustainable recycling ecosystem [13].

Core Insights - The article highlights the performance of stocks with significant trading volumes and consecutive price increases, indicating strong market interest and potential investment opportunities in specific sectors [1][2]. Group 1: Stock Performance - The top stock by trading volume on the limit-up board is Hezhan Energy, with a total of 523,000 hands [1]. - ST Zhongdi achieved a remarkable 10 consecutive limit-ups, while other stocks like Shikong Technology and Yashichuangneng recorded 6 and 5 consecutive limit-ups, respectively [1]. - A total of 20 stocks had limit-up orders exceeding 10 million yuan, with Shikong Technology, Ruierte, and others exceeding 20 million yuan [2]. Group 2: Company Developments - Shikong Technology plans to acquire 100% of Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd., which specializes in storage products, marking a significant expansion into a new industry [2]. - The company reported a third-quarter revenue of 71.01 million yuan, a year-on-year increase of 66.04%, but incurred a net loss of 49.02 million yuan [2]. - Hezhan Energy's trading volume reached 523,000 hands, with a focus on wind power and energy storage, despite reporting a year-on-year loss reduction in its third-quarter results [3]. Group 3: Sector Highlights - The lithium mining sector saw multiple stocks hitting the limit-up, including Xizang City Investment and Yongxing Materials, driven by strong lithium resource development and production plans [5]. - The battery recycling sector is gaining traction, with companies like Fulongma and Yuanda Environmental Protection actively engaging in lithium battery recycling and related services [6][7]. - Quantum computing is also highlighted, with companies like Geer Software and Shenzhou Information making strides in quantum technology and applications [7]. Group 4: Institutional Investment - Five stocks saw net purchases exceeding 100 million yuan, with Jiangte Electric leading at 277 million yuan, followed by other notable companies [8].