2022 battery recycling data revealed! Recycling industry on the right track

According to the relevant data, in December 2022, the domestic recycling volume of waste lithium batteries totaled 24,104 tons, which included recycled waste in the form of batteries, pole pieces and black powder, and the recycling volume decreased by 16% YoY. According to the types of recycled batteries, 12,760 tons of waste ternary, 10,677 tons of waste lithium ferrous phosphate and 667 tons of waste lithium cobaltate were recovered in December 2022.
  With the approach of the first power battery end-of-life peak, the recycling of waste power batteries is imminent and has become one of the important issues in the development of the new energy vehicle industry. The 100 billion market of power battery recycling is being awakened: it is expected that by 2025, the size of China's power battery recycling market is expected to reach $37 billion.
  Driven by the huge market, companies engaged in the recycling of used lithium batteries are making a lot of money. on January 3, Gemmy replied on the investor interactive platform that the company's power battery recycling business grew rapidly in the first three quarters of 2022. from January to September 2022, the company recycled more than 12,000 tons of power batteries, more than 1.50 GWh, an increase of more than 130% year-on-year; it achieved sales revenue of 463 billion yuan, an increase of 297.73% year-on-year. This means that the company's average daily revenue is more than 1.7 million.
  Of course, the battery recycling industry cannot be separated from the help of capital. Since the beginning of 2022, more than 20 battery recycling companies have received financing, including Hengchuang RuiNeng, SEDM, Suzhou CuiBo, JieCheng New Energy, Shunhua Lithium, etc. The funds raised are mainly used to expand reproduction and recycling channel construction.
  But, is battery recycling really that smooth? According to statistics, there are currently more than 2,000 registered enterprises related to power battery recycling, and only 45 enterprises have entered the "white list" of the Ministry of Industry and Information Technology, and less than 30% of the total number of retired power batteries are recycled through regular channels. A large number of used batteries flow to "small workshops", "black workshops" and other informal channels.
  At the same time, recycling companies are also facing technical challenges. Although most battery recycling companies say their battery material recovery rate has reached more than 90%, but the cost behind it is quite high. Battery recycling companies have to dismantle and recycle these batteries that differ in all aspects and must have diversified technologies. Not only that, the large initial investment makes it difficult to really scale up.
  To solve the recycling problem of used power batteries, policy guidance is very important. The Ministry of Industry and Information Technology has issued "Interim Measures for the Management of New Energy Vehicle Power Battery Recycling", "Interim Provisions for the Management of New Energy Vehicle Power Battery Recycling" and other policy documents to build a national traceability management platform and establish a sound power battery recycling system.
  Obviously, with the help of all kinds of capital, the power battery recycling technology will be upgraded, the recycling system will be further improved, and the "carbon neutral" is just around the corner. However, with more and more enterprises entering the industry, the market scale is gradually expanding, which also directly leads to the shortage of technical talents in the field of battery recycling. (Note: the original article has been deleted)

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