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The Li Shen large capacity ternary aluminum shell lithium-ion battery costs 1.9 yuan/piece, the Ningde Times 234AH ternary power lithium-ion battery starts at 1.35 yuan, and the Guoxuan 20A iron lithium power lithium-ion battery that has been removed from the car chassis costs 24 yuan/piece. Recently, reporters casually searched the second-hand trading platform Xianyu, presenting a shocking mess of power lithium-ion battery recycling.

With the arrival of the trend of scrapping power lithium-ion batteries, it is urgent to further improve the laws and regulations on the recycling of power lithium-ion batteries. Recently, the Ministry of Industry and Information Technology issued the "2020 Key Points for Industrial Energy Conservation and Comprehensive Utilization" (hereinafter referred to as the "Key Points"), emphasizing once again the promotion of the construction of a new energy vehicle power battery recycling and utilization system, starting from three aspects of recycling, cascade utilization, and traceability supervision, to guide the healthy development of the industry.

The chaos in the recycling market still exists

According to the data released by the National Big Data Alliance for New Energy Vehicles, it is expected that this year, the total number of retired lithium-ion batteries in China will reach approximately 25GWh. The latest research report released by the international market research institution MarketsandMarkets also shows that it is expected that the lithium-ion battery recycling market in the Asia Pacific region will rise at the highest compound annual growth rate from 2019 to 2024. Among them, China, as the country with the highest number of electric vehicles, is also one of the largest markets for lithium-ion battery recycling in energy storage and other fields.

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