Core Viewpoint - Chongqing's Economic and Information Technology Commission has issued a work plan for cultivating the new energy vehicle battery recycling industry from 2025 to 2027, emphasizing the importance of technological innovation in the sector [1] Group 1: Technological Innovation - The plan encourages leading companies in battery recycling to increase their investment in technological innovation [1] - It promotes the establishment of municipal-level enterprise technology centers and manufacturing pilot platforms to foster innovation [1] - The goal is to create national-level innovation platforms to accelerate breakthroughs in key technologies such as rapid intelligent detection and assessment of used batteries, intelligent and precise disassembly, fine extraction of valuable elements, and harmless treatment of residual materials [1] Group 2: Industry Development - The initiative aims to enhance the conversion and industrialization of technological achievements [1] - There is a focus on developing core equipment and advancing towards high-end segments of the recycling value chain [1] - The overall objective is to continuously reduce operational costs for companies and improve industry profitability [1]

Core Viewpoint - Chongqing is enhancing policy support to utilize long-term national bond funds and central budget funds for major projects in the recycling and utilization of power batteries for new energy vehicles [1] Group 1: Policy Support - The Chongqing Economic and Information Technology Commission has issued a work plan for cultivating the power battery recycling industry from 2025 to 2027 [1] - The plan emphasizes the need to actively seek support and utilize long-term national bond funds and central budget funds for major project construction in power battery recycling [1] - There will be increased policy support for the construction of recycling networks and traceability platforms, innovation platforms, and key technology research and development [1] Group 2: Financial Support - Financial institutions are encouraged to increase their financial support for projects related to the recycling and utilization of power batteries for new energy vehicles [1] - The plan ensures that land, energy consumption, and other resource elements for major projects in the power battery recycling industry will be legally guaranteed [1]

Core Viewpoint - The implementation of the "Interim Measures for the Recycling and Utilization of Waste Power Batteries for New Energy Vehicles in Sichuan Province" marks a significant step in regulating the recycling of power batteries, addressing the urgent need for a structured approach to handle the anticipated surge in retired batteries as the number of new energy vehicles increases [1][3]. Group 1: Current Situation and Challenges - As of the end of 2024, Sichuan Province is expected to have 1.402 million new energy vehicles, a year-on-year increase of 56.4%, leading to a potential first wave of retired power batteries in the next 2-3 years [1]. - The current recycling landscape is characterized by a lack of a high-value comprehensive utilization industry, with many batteries flowing into informal "small workshops," which undermines the operations of legitimate recycling enterprises [1][2]. - The total amount of retired power batteries in China exceeded 580,000 tons in 2023, with projections of 1.04 million tons by 2025 and 3.5 million tons by 2030, while the standardized recycling rate remains below 25% as of the end of 2023 [2]. Group 2: Policy and Regulatory Framework - The "Measures" provide institutional support for establishing a closed-loop recycling system for power batteries throughout their lifecycle, focusing on regional center construction, recycling norms, supportive measures, supervision, and legal responsibilities [2][3]. - The national-level "Action Plan for Improving the Recycling and Utilization System for New Energy Vehicle Power Batteries" and the revised "Industry Norms for the Comprehensive Utilization of Waste Power Batteries" aim to enhance the regulatory framework, but local adaptations are necessary for effective implementation [3]. Group 3: Future Directions and Opportunities - The government and industry should collaborate to seize the development opportunities in the retired battery recycling sector, establishing mandatory recycling mechanisms and providing incentives for compliant enterprises while cracking down on illegal activities [4]. - Companies are encouraged to innovate in recycling, disassembly, and remanufacturing processes to improve resource recovery rates and reduce energy consumption, positioning themselves as leaders in technology and standards within the industry [4]. - The true maturity of the new energy vehicle industry will be reflected not only in production and sales growth but also in the enhancement of lifecycle management, with Sichuan's regulatory innovations serving as a model for other regions [4].