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With the arrival of the retirement period for power lithium-ion batteries, the tens of billions market in the recycling field will also open up. According to relevant data, the amount of lithium-ion batteries loaded into new energy vehicles in China reached 36.27 GWh in 2017, and the cumulative installed capacity from 2014 to 2017 exceeded 80 GWh. The market scale of power lithium-ion Battery recycling recycling is expected to exceed 5.2 billion yuan in 2018, and the retired lithium-ion batteries are expected to be about 50GWh in 2020. Considering the recycling value of ternary materials, Lithium iron phosphate and lithium cobalate, the relevant market space will reach 10 billion yuan in Relevant market, and will exceed 30 billion yuan in 2022.

The environmentally friendly and harmless disposal of lithium-ion batteries meets the requirements of sustainable development. Therefore, the government implements the "extended producer responsibility system", which requires producers to be responsible for Battery recycling and ensure that the source is controllable and the destination is clear, so as to reduce the workload of recycling and disassembly; At the same time, it advocates the use of PACK battery packs for cascade utilization, reducing the difficulty of recycling and improving industry efficiency. Lithium battery recycling is an economic choice: waste lithium ion Battery recycling have high recycling value, and the ternary materials contain cobalt, manganese, nickel and other metal elements that are relatively scarce in China, highly dependent on imports, and the price continues to rise at a high level. The recycling of waste lithium batteries contains great business opportunities.

Driven by multiple forces such as policies, interests and responsibilities, mainstream power lithium-ion battery companies such as CATL and BYD have launched a layout for power lithium-ion Battery recycling. We believe that with the explosion of recycling demand, the standardization of policies and the continuous layout of industry leaders, the market for power lithium-ion Battery recycling recycling is about to open. At the same time, the leading layout of the power lithium-ion battery industry is the lithium battery recycling model, which helps to establish a recycling system and guide the industry towards standardized development.

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