China has 31.4 million new energy vehicles.

As of the end of last year, the number of new energy vehicles in China has reached 31.4 million, and the installed capacity of power batteries has led the world for many years. As the amount of power battery decommissioning increases year by year, its recycling has attracted much attention.

By 2030, the power battery recycling market will exceed 100 billion

Reports are expected that by 2030, the power battery recycling market will exceed 100 billion yuan. Strengthening the recycling and utilization of new energy vehicle power batteries is of great significance to supporting the high-quality development of the new energy vehicle industry, ensuring national resource security, and reducing environmental pollution and safety risks.

The executive meeting of The State Council proposed that it is necessary to strengthen the management of the whole chain, strive to open up the blocked points, build a standardized, safe and efficient recycling system, use digital technology to strengthen the monitoring of the whole life cycle flow of power batteries, and realize the traceability of production, sales, disassembly and utilization.

The meeting called for the use of legalized means to regulate recycling, formulate and improve relevant administrative regulations, and strengthen supervision and management. It is necessary to speed up the formulation and revision of relevant standards such as green design of power batteries and product carbon footprint accounting, and to drive recycling with the guidance of standards.

In order to adapt to the development trend of the industry with the improvement of technical level and technical indicators, the Ministry of Industry and Information Technology has issued industry norms for the comprehensive utilization of used power batteries for new energy vehicles to guide enterprises to invest and develop in an orderly manner. The Ministry of Industry and Information Technology said it will focus on emerging solid waste such as used power batteries, speed up the improvement of regulations and policies, improve the recycling and comprehensive utilization system, and promote safe and efficient recycling. In addition, select and cultivate a group of benchmarking enterprises with high level and significant industry driving role, and strengthen dynamic supervision to help the high-quality development of the new energy automobile industry.