聚焦标杆与热点、解构趋势与韬略 废旧电池，是印钞机。 作者：张静波 以下文章来源于华商韬略 ，作者华商韬略 华商韬略 . 来源： 华商韬略 在中国，每年报废动力电池80万吨，如果将其平铺开，足够堆满750座足球场。 一位曾经的大学教授，靠回收二手废旧电池干出一家上市公司，并把生意做到了全世界。 01 一年狂揽300亿 在深圳郊区，大量的动力电池残骸堆积如山。 许开华俯身拾起一块电池残片，镜片后的双眼闪过一丝光亮。 在大多数人眼中，这些废旧电池，就是隐形的有毒炸弹，一旦破损，电解液会泄漏，金属会渗 入地下水，还可能一拆就爆。 别人眼里的垃圾，在许开华看来，却是印钞机。 因为这些"电子僵尸"体内，藏着大量的锂、钴、镍等关键金属，如果全部回收，将是一笔惊人 的财富。 有人估算过，每回收1吨废旧电池，收益大约2.5万元。而2025年，全球产业总规模超千亿 元。 随着电动汽车的渗透率不断提升，全球锂电池在2025年正迎来首次退役高峰，未来规模还将 不断飙升。 更重要的是，中国在锂、钴、镍等关键矿产上，高度依赖进口，其中钴的进口依赖度高达 98%。 二手电池回收，成为化解这种供应链风险的重要途径之一。 既能赚钱，还能为国 ...

同时，为了控制风险，对贷款实行了三重联保，采用"土地使用权及地上在建工程抵押+机械设备抵押 +应收账款质押"等担保模式，实现申请人信用风险全覆盖。其中，贷款前期采用土地使用权及地上在 建工程（或不动产）抵押；在机械设备购置发票齐备的前提下，放宽至1月内将设备抵押；对项目实施 主体已与主要下游签订框架采购协议，且交易对手满足"固废贷"中对付款方的准入条件的，在考虑到项 目土地使用权及后续地上在建工程市值上，广州银行追加应收账款质押作为担保方式之一。 在业内专家看来，废旧动力电池回收还属于一个有待挖掘的蓝海产业。"近些年来，新能源汽车的发展 势头势不可挡。然而，与新能源汽车息息相关的动力蓄电池的报废及回收利用的发展相比新能源汽车的 发展仍在初级阶段。"有专家对记者估计，从我国鼓励发展新能源汽车到如今已经走过了十多年的时 间，如果按照电池保质期的5—8年的标准来计算，那么，其动力蓄电池也已进入"淘汰期"。伴随新能源 车的退役，有大量的动力蓄电池也等待更新或拆除。 亦有一些金融机构瞄准了这门生意。"尽管看起来是大项目，但贷款并不容易。"广州银行江门分行有关 业务负责人给《金融时报》记者解释，过去几年来，动力电池回收行 ...

Group 1 - The number of civil transport airports in China exceeds 260, with a significant number of power banks intercepted in recent months, raising concerns about the handling of these products and the reasons for their resale by merchants [1] - A lithium battery recycling company indicates that the typical process for recycling power banks involves treating them as electronic waste, which is costly and lengthy, involving steps like dismantling and thermal decomposition to recover materials [3] - Reselling these intercepted airport power banks through second-hand channels is highly profitable, with costs as low as 6 yuan per unit at recycling companies, while they can be sold for over 40 yuan on second-hand platforms [5] Group 2 - The average price for one ton of power banks exiting airports is around 9,000 yuan, with each ton containing approximately 4,000 units, leading to a profit margin of 8,000 to 12,000 yuan per ton when sold second-hand, compared to only 4,000 yuan when processed for material recovery [7] - The influx of intercepted power banks presents an opportunity for the battery recycling industry, but many non-industry players are also targeting this lucrative market, resulting in only a portion of the power banks reaching legitimate recycling enterprises [9] - A battery dismantling company reports that while they would typically pay 6,000 to 7,000 yuan per ton for power banks, competitors are offering around 10,000 yuan per ton, making it difficult for them to source materials without incurring losses [11]

Group 1: Industry Overview - The domestic CIS chip industry is expected to maintain a high level of prosperity due to the increasing market share of high-pixel products and the recognition of innovative single-chip high-pixel integration technology by major brand clients [2] - The domestic CIS chip companies are showing significant growth, with companies like Gekewei and Crystal Integration reporting substantial revenue increases, indicating a positive trend in the high-end market [2][3] Group 2: Company Performance - Gekewei's revenue for the first half of 2025 is projected to be between 34.11 billion and 38.09 billion yuan, reflecting a year-on-year growth of 22.27% to 36.51%, with a record quarterly revenue of 20.75 billion yuan in Q2, up 38.3% year-on-year [2] - Crystal Integration anticipates a revenue of 507 million to 532 million yuan for the first half of 2025, representing a year-on-year increase of 15.29% to 20.97%, with a net profit forecast of 260 million to 390 million yuan, showing a growth of 39.04% to 108.55% [2] - Sanqin Technology expects its revenue for the first half of 2025 to be between 286 million and 290 million yuan, with a year-on-year growth of 52.12% to 54.25%, driven by new product mass production [3] Group 3: Market Trends - The domestic base station equipment industry is likely to enter a new round of technological upgrade order cycles as operators begin to deploy 5GA services, indicating a positive outlook for related industries [3] - The Chinese government's recent stance on the rapid development of emerging industries, including new energy and artificial intelligence, suggests a shift towards more cautious and regionally tailored investment strategies, which may impact the overall market dynamics [6][7]

Group 1: Industry Insights - The Yarlung Tsangpo River hydropower project, with an investment of 1.2 trillion, has been approved, which is expected to benefit industries such as civil explosives and cement in Tibet [2] - The rare earth price index reached a new high of 192.24 points in July, with a month-on-month increase of over 6%, indicating a trend of accelerating price increases due to China's export controls against the U.S. [3] - The establishment of a joint venture by LG Energy and Toyota in the U.S. for battery recycling marks a shift in the global supply chain dynamics, potentially reducing China's dominance in battery raw materials [6] Group 2: Company Performance - Sanhua Group expects a net profit of 1.12 to 1.33 billion for the first half of the year, representing a year-on-year growth of 10% to 30% [4] - Perfect World anticipates a net profit of 480 to 520 million for the first half of 2025, recovering from a loss of 177 million in the same period last year, driven by the success of its new MMORPG game [8][9]

Core Viewpoint - General Motors has signed a non-binding memorandum of understanding with battery recycling company Redwood Materials to accelerate the deployment of energy storage systems using new batteries manufactured in the U.S. and second-life battery packs from its electric vehicles [1] Group 1 - The partnership aims to enhance the use of General Motors' new battery technology [1] - More details regarding the plans are expected to be announced later this year [1]

Core Viewpoint - The increasing retirement of electric vehicle batteries has led to significant pressure for proper waste battery disposal and resource recycling, highlighting the urgent need for effective recycling technologies [1][2]. Group 1: Industry Developments - The project "Efficient Stripping and Regeneration Technology for Retired Lithium Iron Phosphate Power Battery Cathode Materials" from Nanjing University of Information Science and Technology has been recognized as one of the top ten technological advancements in the environmental energy sector in Jiangsu Province for 2024 [1]. - The project aims to address the challenges of high energy consumption, pollution, and low efficiency in the lithium-ion battery recycling industry by focusing on the recycling of cathode materials [1]. Group 2: Technological Innovations - The proposed "Efficient Stripping and Regeneration" method involves the precise separation of core cathode materials from retired batteries, allowing for the recovery of lithium iron phosphate and its reintegration into battery manufacturing [2]. - A demonstration line and production line have been established in Jiangyan District, Taizhou City, Jiangsu Province, in collaboration with local enterprises to facilitate the transformation of this technology [2].

Group 1 - The Tianzhou-9 cargo spacecraft and Long March 7 Yao-10 rocket have been transported to the launch area, with plans for a launch in the near future [1] - A new type of quantum entangled light source has been developed by a research team from Sun Yat-sen University, achieving a fidelity of 99.4% in a novel micro-nano quantum entangled light source [2] - The establishment of the Rulai Intelligent Robot R&D headquarters in Wuxi High-tech Zone marks a significant achievement in the region's intelligent manufacturing sector, with a total investment exceeding 1 billion yuan and a planned construction area of 55,000 square meters [2] Group 2 - VinFast, a Vietnamese electric vehicle manufacturer, has signed a strategic cooperation agreement with BatX Energies to develop a high-voltage battery recycling and reuse project, which is a key part of VinFast's localization supply chain strategy in India [2]

Core Insights - In the first five months of this year, China's new energy vehicle (NEV) sales reached 5.608 million units, marking a 44% year-on-year increase, indicating a sustained growth momentum [1] - By the end of 2024, the total number of NEVs in China is expected to reach 31.4 million, leading to a significant increase in the number of retired power batteries as they approach their warranty period [1] - The total amount of retired power batteries in China is projected to exceed 1 million tons this year, with an estimated 3.5 million tons by 2030, creating a substantial recycling market potentially worth over 100 billion yuan by 2030 [1] Battery Recycling Methods - There are three main methods for handling retired power batteries: remanufacturing, battery repurposing, and recycling [1] - Remanufacturing involves replacing damaged components and reassembling the battery for use in electric vehicles [1] - Battery repurposing entails adjusting the battery's calibration data for use in low-speed electric vehicles or other applications [1] - Recycling focuses on extracting valuable metals and materials from the batteries for resale or reintegration into battery production [1] Industry Challenges - Despite the theoretical feasibility of battery recycling, practical implementation and achieving industrial value remain challenging [2] - As of June this year, only 148 out of 195,000 battery recycling-related companies in China meet the regulatory standards set by the Ministry of Industry and Information Technology [2] - The current standardized recycling rate for power batteries in China is below 25%, with many retired batteries either remaining with owners or entering informal channels [2] Market Dynamics - The battery recycling market is profit-driven, with high technical requirements for dismantling retired batteries [3] - The significant cost of establishing automated dismantling lines makes it difficult for legitimate recycling companies to operate profitably without a sufficient volume of low-cost batteries [3] - The existence of various online battery recycling channels offering higher prices than formal channels leads to a black market for retired batteries, posing environmental risks [3] Environmental Concerns - Improper handling of retired batteries can lead to severe environmental pollution, as heavy metals like cobalt, nickel, and lithium can contaminate groundwater [3] - A ton of waste batteries can pollute up to 600,000 liters of groundwater, with the potential for long-lasting environmental damage [3] - The presence of informal recycling operations can exacerbate the situation, driving up costs for legitimate companies and perpetuating a cycle of black market expansion [3] Recommendations for Industry Development - The development of a robust battery recycling ecosystem requires collaboration across multiple sectors and improved regulatory frameworks [4] - Policies should be refined to encourage participation in battery recycling through financial incentives and the establishment of a reasonable recycling mechanism [4] - Standards for battery technology should be established to facilitate the production of standardized batteries, laying the groundwork for large-scale integration in the future [4] - Accelerating the establishment of a management standard system for battery recycling is essential to ensure effective tracking, product management, and regulatory compliance [4]

中国青年报客户端讯（中青报·中青网记者 王京辉）我国新能源汽车产销量已连续10年位居全球第一， 意味着动力电池也已进入规模化"退役"阶段。如何回收规模庞大的"退役"动力电池、如何降低电池生产 对原生矿产资源的依赖和碳排放，成为社会各界热议的话题。近日，中国电池巨头宁德时代与循环经济 倡导机构艾伦·麦克阿瑟基金会（EMF）携手，宣布"全球能源循环计划"愿景——推动电池循环经济全 面落地，同时助力新电池生产彻底摆脱对原生矿产资源的依赖。 据了解，"全球能源循环计划"是首个由中国企业推动的循环经济公益项目，同时也是首个覆盖新能源产 业全产业链、政府、学术机构等多方力量的协作网络。宁德时代副总经理、董事会秘书蒋理在活动现场 表示，未来20年内，全球将有50%的新电池生产告别矿产开采，以电池产业链为切口，带动能源体系向 高效、低碳、可持续方向系统转型。 随着动力电池相关企业数量的增长以及行业的发展，电池回收产业规模水涨船高。企查查今年5月发布 的数据显示，近十年我国电池回收相关企业注册量基本逐年增加。截至今年4月底，2025年我国已注册 1.46万家电池回收相关企业，相比2024年同期注册量增加13.9%。 "我们要让 ...