company news about In 2020, 200000 tons of power batteries will be decommissioned, and 60000 tons of batteries will need to be scrapped? How to handle this?

With the continuous development of new energy vehicle market, the problem of echelon utilization and scrap disposal of retired batteries has also begun to attract the attention of the industry.

According to the traffic administration bureau of the Ministry of public security of China, as of June, the number of new energy vehicles in China had reached 4.17 million, an increase of 9.45% over the end of last year. Since 2015, China has been the largest country in the production and sales of new energy vehicles in the world for four consecutive years. The huge production and sales scale also means that the number of retired power batteries in the future will be equally amazing.

According to the data of China Automotive Technology Research Center, in 2020, the cumulative retired power batteries in China will exceed 200000 tons (about 25gwh). If 70% can be used for echelon utilization, about 60000 tons of batteries will need to be scrapped. By 2025, the total decommissioning amount will be about 780000 tons (about 116gwh), and about 234000 tons of batteries will need to be scrapped.

At present, the number and scale of new energy vehicle market production enterprises and power battery recycling enterprises are quite different. According to the enterprise survey data, only in 2019, the number of new energy vehicle related enterprises in China has reached 47000, but at present, the total number of enterprises related to power battery recycling is only 208, including 41 new in the first July of this year. At present, the development speed of the power battery recycling industry and the improvement of the industrial chain have not caught up with the development speed of the new energy vehicle industry. This is where the industry needs to be constantly improved.

Around 2013, the promotion and application of new energy vehicles in China began to take shape. In that year, the annual sales volume of new energy vehicles in China reached 18000. According to the 4-6-year service life of power batteries (8-10 years of service life of household vehicles), these vehicles have entered the centralized scrapping period.

In the following years, the sales of new energy vehicles increased rapidly. By 2019, the sales volume of new energy vehicles in China has reached 1.2 million. According to the new energy vehicle industry development plan (2021-2035) issued by the Ministry of industry and information technology, the proportion of new energy vehicle sales will reach 25% by 2025. According to the annual sales volume of 25 million vehicles in China, the annual sales of new energy vehicles will reach more than 6 million in the future. This also means that the future power battery recycling market scale will be larger.