China's new energy vehicle market is showing a spurt development, which has also promoted the rapid increase in the use of lithium batteries. Benefiting from the certain high growth of new energy vehicle production and sales, the shipment of power batteries has also increased. However, based on the limited battery life, some experts pointed out that in 2018, the new energy vehicle power battery will enter the stage of large-scale "decommissioning".

Relevant institutions believe that China's power battery scrap will start to double in 2018, and it is expected that the scrap will reach 280,000 tons in 2020; in 2020, the market space will reach 10.7 billion yuan, and will increase to 245 in 2024. Billion. At this stage, the trend of new energy vehicle sales has increased, driving the rapid recovery of power battery; the power battery has entered a large-scale scrapping period, which has ushered in a good opportunity for the development of the used battery recycling market.
On July 25, 2018, the Ministry of Industry and Information Technology and the Ministry of Science and Technology jointly issued the "Notice on Doing a Pilot Work on Recycling and Utilization of New Energy Vehicles' Power Battery", which was decided in the Beijing-Tianjin-Hebei region, Shanxi, Shanghai, Jiangsu, Zhejiang, Anhui, In 17 regions including Guangdong and China Tower, the pilot project of recycling and utilizing new energy vehicles' power batteries was carried out, and the corresponding targets and tasks in each pilot area were determined, which helped to establish a relatively centralized and cross-regional linkage recovery system. With the successive introduction of relevant policies, the power battery recycling system will also accelerate and improve, and promote the positive and development of the industry. The release of this new regulation has received much attention from the industry, or it will blow up the new trend of the industry.
Policy Dongfeng Zhaozheng promotes industry development
When the vents arrive, with the policy overweight and the pilot program, it is undoubtedly positive and important for the overall battery recycling industry.
