In fact, in China, many organizations have long been engaged in the battery recycling business, such as BYD, Grammy, and CATL. In addition, many other small companies have independently carried out small-scale battery recycling.
In addition, in order to improve the recycling business system and accelerate the improvement of power battery recycling efforts, the Chinese government may introduce the “Management Measures for the Recycling and Utilization of New Energy Vehicle Power Batteries” in the near future. This study can provide reference for policy formulation.
In one such example, the province of Jiangsu has set up 907 NEV battery recycling centres. Shanghai has initiated a full life cycle tracking and regulation system for NEV batteries. China currently has over 10,000 battery recycling centres across the country.
As EV adoption accelerates and the volume of spent batteries surges, China’s recycling network will expand accordingly, potentially making Chinese companies essential partners for international firms looking to secure sustainable sources of battery materials.
China is faced with an enormous wave of batteries ready for reuse and recycling stemming from the world’s largest EV uptake starting around six years ago. In the last six months, the Chinese government has issued a series of new directives to ensure the battery reuse and recycling industries can effectively expand to scale. * * *
This not only makes sense for geopolitical and environmental reasons but also because battery reuse and recycling is big business. Some estimates in Chinese media see the battery recycling market in China reaching RMB 26 billion (3.59 billion euros) by 2025 but figures for market value and volume of battery materials recycled in China vary wildly.