Core Insights - The article discusses the growing importance of recycling used power batteries in China, highlighting the need for effective recovery and utilization systems to prevent environmental pollution and to harness valuable metals like lithium, cobalt, and nickel from retired batteries [6][8][9]. Industry Overview - China's new energy vehicle ownership has surpassed 40 million, with the first batch of power batteries entering a phase of large-scale retirement [6]. - The country has issued 22 national standards for power battery recycling, aiming to transform retired batteries into valuable resources rather than environmental burdens [6][12]. Recycling Methods - There are two main recycling methods for retired power batteries: 1. **Recycling for raw materials**: This involves disassembling, crushing, sorting, and smelting to extract metals [7]. 2. **Second-life utilization**: This includes testing, sorting, and reconfiguring batteries for use in other applications, such as emergency power supplies and energy storage devices [7]. Market Potential - The current recycling volume of power batteries has exceeded 300,000 tons, corresponding to a market size of over 48 billion yuan, with projections indicating the market could surpass 100 billion yuan by 2030 [9]. - The demand for lithium, cobalt, and nickel is expected to rise, with China projected to import approximately 5.25 million tons of lithium concentrate in 2024, a year-on-year increase of about 31% [8]. Challenges in Recycling - The recycling market faces significant challenges, including a lack of standardization and the presence of unregulated small workshops that profit from the recycling of batteries [10][11]. - Many legitimate recycling companies struggle with underutilized capacity and competition from informal channels that offer higher prices for retired batteries [11]. Regulatory Framework - The Chinese government has established a comprehensive regulatory framework, including 22 national standards that cover various aspects of battery recycling, from collection and transportation to physical processing and chemical regeneration [12][13]. - New standards aim to ensure safety, environmental protection, and efficiency in the recycling process, with specific guidelines for the handling and processing of retired batteries [12][13]. International Standards - China has made initial progress in international standardization for power battery recycling, with nearly 40 Chinese experts participating in international standard-setting organizations [14].

Core Viewpoint - China has released 22 national standards for the recycling and utilization of power batteries, which support the high-quality development of the power battery recycling industry [1][2]. Group 1: National Standards and Implementation - The national standards cover various aspects such as general requirements for battery recycling, management specifications, disassembly standards, residual energy detection, and recycling of lithium-ion waste [1][2]. - The implementation of standards like "Disassembly Specifications for Vehicle Power Battery Recycling" and "Residual Energy Detection for Vehicle Power Battery Recycling" has led to large-scale promotion in the industry, enhancing the healthy and orderly development of the sector [2]. - The expected domestic market scale for power battery recycling is projected to exceed 100 billion yuan by 2030 [1]. Group 2: Economic and Environmental Impact - The application of standards has resulted in significant recovery rates, with nickel, cobalt, and manganese recovery rates reaching 99.6% and lithium recovery rates at 96.5%, promoting green and sustainable development in the industry [2]. - The recycling process of power batteries is crucial for the efficient extraction and regeneration of important metals like lithium, cobalt, and nickel, which is significant for the protection of vital mineral resources [2]. Group 3: Technical Standards and Quality Assurance - The national standard "Recycled Black Powder for Lithium-Ion Batteries" defines key technical requirements such as classification, chemical composition, and harmful substance limits, which will enhance the quality of domestic recycled black powder [2]. - The series of standards for "Recycling and Reuse of Vehicle Power Batteries" stipulates harmful substance handling processes, ensuring pollution control during the recycling phase and promoting a reduction in overall energy consumption by over 30% [3]. - Strict resource recovery rate indicators have been established, requiring comprehensive recovery rates of nickel, cobalt, and manganese to be no less than 98%, and lithium recovery rates to be no less than 85% [3].

Core Viewpoint - The Chinese government is accelerating the establishment of a standardized system for the recycling and utilization of power batteries, particularly in the context of the rapidly growing new energy vehicle industry, which is expected to face a large-scale retirement of batteries soon [3][6]. Group 1: Current Standards and Regulations - A total of 22 national standards for power battery recycling and utilization have been published, covering various aspects such as general requirements, management norms, disassembly standards, residual energy detection, and recycling of lithium-ion waste [3][4]. - The national standard for recycled black powder from lithium-ion batteries has been established, detailing key technical requirements including definitions, classifications, chemical composition, and limits on harmful substances [3][4]. Group 2: Future Plans and Initiatives - The Ministry of Industry and Information Technology plans to revise and establish mandatory standards for lithium battery products across various application fields to enhance the regulation of power battery recycling [5][6]. - Future efforts will focus on three main areas: revising green design standards for battery production, enhancing recycling standards for process management, and developing safety standards for battery disassembly and recycling [6][8]. Group 3: Market Potential - The domestic recycling volume of power batteries is projected to exceed 300,000 tons in 2024, corresponding to a market scale of over 48 billion yuan, with expectations to surpass 100 billion yuan by 2030 [3]. - The comprehensive recovery rates for nickel, cobalt, and manganese are mandated to be no less than 98%, while lithium recovery is set at a minimum of 85% [4]. Group 4: Standardization Efforts - A national technical committee for the standardization of power battery recycling and utilization is being established to enhance the management of standardization efforts across various industries [7][8]. - The market regulatory authority will work closely with relevant departments to accelerate the development of important standards and improve the overall standard system for power battery recycling [8].

Core Viewpoint - The Chinese market is entering a large-scale retirement phase for power batteries, with significant growth expected in the recycling sector, projected to exceed 30 million tons in 2024 and surpass 100 billion yuan by 2030 [1][2]. Group 1: Market Overview - 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]. - By 2030, the domestic market scale for power battery recycling is projected to exceed 100 billion yuan [1]. Group 2: Standardization Efforts - The State Council has approved an action plan to improve the recycling system for power batteries, emphasizing the need for a standardized framework to ensure safe and efficient recycling [2]. - A total of 22 national standards for power battery recycling have been released, covering various aspects such as general requirements, management norms, disassembly standards, and recycling of lithium-ion waste [2][3]. Group 3: Impact of New Standards - The introduction of standards has effectively removed compliant black powder from hazardous waste classification, significantly reducing operational risks for companies and potentially attracting more players to the industry [3]. - The implementation of national standards has led to high recovery rates, with some companies achieving nickel, cobalt, and manganese recovery rates of 99.6% and lithium recovery rates of 96.5% [3]. Group 4: Challenges and Future Directions - The recycling market still faces issues such as capacity mismatch, illegal recycling, and safety hazards, which the new standards aim to address [4]. - Future standardization efforts will focus on source management, process management, and safety regulation to enhance the overall efficiency and safety of battery recycling [5]. Group 5: International Participation - China is transitioning from a participant to a leader in international battery recycling standardization, actively engaging in the development of global standards [6]. - Chinese experts are involved in key international projects related to battery performance evaluation and recycling guidelines, with significant contributions to the IEC international standard proposal [6]. Group 6: Local Initiatives - Local practices, such as those in Fujian Province, have set examples for national implementation, including legislative measures and financial incentives for standard development [6][7]. - Companies like CATL's subsidiary, Bangpu Recycling, have achieved high recovery rates and significant processing volumes, demonstrating the effectiveness of these initiatives [7].

Core Viewpoint - The Chinese market is entering a large-scale retirement phase for power batteries, with significant growth expected in the recycling sector, projected to exceed 30 million tons by 2024 and surpass 100 billion yuan by 2030 [2][5]. Group 1: Market Overview - 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 [2]. - By 2030, the domestic market scale for power battery recycling is projected to exceed 100 billion yuan [2]. Group 2: Standardization Efforts - The Ministry of Industry and Information Technology (MIIT) is advancing standard construction from three aspects: source design, process management, and safety supervision [3]. - A total of 22 national standards have been released to support the high-quality development of the power battery recycling industry, covering various aspects such as general requirements, management specifications, and recycling processes [5][6]. Group 3: Impact of New Standards - The introduction of standards has significantly improved the recycling rates of nickel, cobalt, and manganese to 99.6% and lithium to 96.5%, promoting green and sustainable development in the industry [6]. - The new standards have reclassified regenerated black powder, reducing operational risks for companies and encouraging more enterprises to enter the field [6]. Group 4: Future Directions - The MIIT has outlined three main directions for future standardization work, focusing on accelerating the revision of green design standards and enhancing process management [8][9]. - The implementation of the new standards is expected to improve the efficiency of battery disassembly by over 50% [9]. Group 5: International Participation - China is transitioning from a participant to a leader in international standardization for power battery recycling, with experts actively involved in key international projects [12][13]. - Local practices in provinces like Fujian are providing replicable experiences for national standard implementation, with significant achievements reported by companies in the region [13].

Core Viewpoint - The development of a robust standard system is crucial for the growth of the power battery recycling industry in China, which is expected to exceed a market scale of 100 billion yuan by 2030 [1][2]. Group 1: Standards and Regulations - China has issued 22 national standards related to power battery recycling, covering various aspects such as general requirements, management norms, disassembly standards, residual energy detection, and recycling of lithium-ion waste [1]. - The implementation of standards like "Disassembly Specifications for Power Battery Recycling" and "Residual Energy Detection for Power Battery Recycling" has led to widespread application in the industry, promoting healthy and orderly development [1][2]. Group 2: Economic and Environmental Impact - The application of these standards has resulted in significant recovery rates for key metals, with nickel, cobalt, and manganese recovery rates reaching 99.6% and lithium recovery rates at 96.5%, contributing to green and sustainable development [1][2]. - The "Recycling of Lithium-ion Battery Regeneration Black Powder" standard aims to improve product quality and ensure environmental safety during the smelting process, addressing the lack of unified technical requirements and quality standards [2]. Group 3: Challenges and Future Directions - The complexity of power battery structures and diverse application scenarios pose challenges for efficient recycling [2]. - The Ministry of Industry and Information Technology emphasizes the need for strict enforcement of mandatory standards to prevent the reuse of old power batteries in electric bicycles [3]. - The State Administration for Market Regulation is actively promoting the establishment of international standards for battery recycling, with a proposal for an IEC international standard already approved [3].

Core Insights - The Hong Kong government is focusing on building a new energy industry chain and promoting the development of the electric vehicle battery recycling industry, with a large-scale battery recycling facility expected to be operational in the first half of 2026 [1] Group 1: Government Initiatives - The Chief Executive of Hong Kong, John Lee, announced plans to construct the first large-scale electric vehicle battery recycling facility in Hong Kong, which will convert retired batteries into regenerated black powder for supply to mainland China and surrounding regions [1] - The facility is being developed by Jin Jing New Energy (01783) and is designed to meet the battery processing needs outlined in Hong Kong's 2035 plan [1] Group 2: Company Developments - Jin Jing New Energy's facility will not only serve the local market but also extend its services to the Guangdong-Hong Kong-Macao Greater Bay Area and Southeast Asia, positioning it as a core hub in the company's global battery recycling service system [1] - The company has signed strategic agreements with leading firms such as Guoxuan High-Tech (002074) and JinkoSolar (688223), securing a future battery disposal value exceeding 30 billion RMB [1] Group 3: Industry Outlook - With the global peak of battery retirements approaching, Jin Jing New Energy's business layout is expected to experience multiple catalysts, indicating a high degree of certainty for performance growth in the coming years [1] - The company is also involved in launching a "Global Lithium Battery Recycling Network Platform," aiming for a recycling capacity of 120,000 tons per year by 2030 through global layout, digital traceability, and open cooperation [1] Group 4: Competitive Advantage - Jin Jing New Energy is recognized as a model for successful transformation from traditional industries to green technology in Hong Kong, leveraging its advanced recycling technology and deep partnerships with mainstream global new energy companies [1] - The company is positioned to become a key infrastructure for Hong Kong's green circular economy, providing stable and reliable closed-loop solutions for battery materials in the regional new energy industry chain [1]