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]

Core Insights - The domestic market for power battery recycling in China is expected to exceed 100 billion yuan by 2030, marking the beginning of a large-scale retirement phase for power batteries [2] - In 2024, the domestic recycling volume of power batteries is projected to surpass 300,000 tons, corresponding to a market scale of over 48 billion yuan [3] Group 1: Industry Standards and Support - 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, providing strong technical support for the industry's growth [3] - A total of 22 national standards for power battery recycling have been published, covering various aspects such as general requirements, management specifications, disassembly standards, residual energy testing, and recycling of lithium-ion waste [3][4] Group 2: Technological Innovations and Achievements - 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 [3] - Quanzhou Qingneng Company aims to process 237 tons of retired batteries in 2024, achieving a carbon reduction of 238 tons and generating a revenue of 23 million yuan [4] Group 3: Future Directions - The next steps include accelerating the construction of the power battery recycling standard system, focusing on areas such as green design, residual energy testing, discharging, storage, and directional recycling [4]

Group 1 - The domestic market for power battery recycling is expected to exceed 100 billion yuan by 2030, driven by the upcoming large-scale retirement of power batteries in China [2] - In 2024, the domestic recycling volume of power batteries is projected to surpass 300,000 tons, corresponding to a market scale of over 48 billion yuan [2] - The State Administration for Market Regulation has released 22 national standards for power battery recycling, covering various aspects such as general requirements, management specifications, and recycling of lithium-ion waste [2] Group 2 - Contemporary Amperex Technology Co., Ltd.'s subsidiary, Bangpu Recycling, has developed DRT directional recycling technology, achieving a nickel-cobalt-manganese recovery rate of 99.6% and a lithium recovery rate of 96.5% [3] - In 2024, Bangpu Recycling plans to process over 120,000 tons of waste batteries and produce 17,100 tons of recycled lithium salt [3] - The next steps include accelerating the construction of the standard system for power battery recycling, focusing on green design, energy detection, and storage [3]