Power battery recycling market will break out in 2018

On February 2, at the press conference of China New Energy Power Battery and Energy Storage Industry Conference in 2018, many experts said in an interview with China Securities Journal that the waste power battery recycling market will start to erupt in 2018.

The industry expects that the waste power battery recycling market in 2018 will reach 5 billion yuan. By 2020 to 2023, the scale of the used power battery recycling market will further increase to 13.6 billion yuan to 31.1 billion yuan.

Industry experts said that when the power battery capacity of the new energy vehicle is reduced to about 80%, the power battery will be eliminated, but the power battery can still be applied to the energy storage equipment through the cascade utilization method and put into commercial residential storage. Energy stations, electric vehicle charging and energy storage stations, and telecommunications base stations.

Xiao Chengwei, an expert of the national “863” plan for energy conservation and new energy vehicles, pointed out that the precious metal content of lithium iron phosphate is small, and the total content of precious metals in ternary materials is high, which has high recycling value. The recycling and utilization of waste ternary batteries has already established a mature business profit model.

It is understood that GEM, Camel, BYD, Ningde era, Huayou Cobalt, Guoxuan Hi-Tech, AVIC Lithium and other battery production related companies are actively deploying power battery recycling.

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