Recycling volume exceeds 250,000 tons in 2020 Waste power battery is favored

According to the cycle of new energy vehicles, starting in 2018, China will usher in the retirement of waste power batteries. The waste power battery recycling market will also usher in the peak, and maintain high-speed growth in the next few years, and the industry scale will exceed 10 billion yuan.

Not long ago, Dong Mingzhu, who is the deputy to the National People's Congress and chairman of Gree Electric, pointed out that "new energy is certainly good. New energy vehicles are just one of the new energy sources and they may be more concerned about the recycling of used batteries in the future."

Some people say that Miss Dong is a "outsider" and has no say in new energy vehicles. It is a big mistake to think so. This business woman, Iron Maiden, has invested more than 3 billion yuan to acquire a 40% stake in Zhuhai Yinlong and successfully opened a career in new energy vehicles.

Ms. Dong said that the problem of waste battery recycling is indeed an issue that is being increasingly emphasized in China's new energy automotive industry chain. With the expansion of the new energy vehicle market, the rapid development trend remains unabated. Waste power batteries are causing huge environmental concerns.

The author was informed that the service life of power batteries is generally between 5 and 8 years. New energy vehicles put into operation from 2012 onwards have already exceeded 200,000 km. This means that starting in 2018, China will soon receive a power battery. The scrap tide.

Research statistics show that only in 2018, China's power battery scrap recovery will reach 65,000 tons, an increase of 130% year-on-year. By 2020, the recycling volume will break through to 250,000 tons. Reflected at the market level, the size of the waste power battery recycling market in 2018 is expected to reach 5.2 billion yuan, and the scale will increase from 2020 to 2023 to 13.5 billion to 31 billion yuan.

In the face of such a blue ocean, the capital market is about to make a move. At present, there are already many companies in the A-share market entering the power battery recycling industry. Taking Greenmie as an example, as one of the leading domestic waste battery recovery companies, Greentech has built six major industrial bases, recycling 3,000 to 5,000 tons of cobalt metal annually, and recovering cobalt resources more than China’s original cobalt production.

In early 2018, 16 companies including China Iron Tower, Chongqing Chang'an, BYD, Yinlong New Energy, Waterma, Guoxuan Hi-Tech, and Thornton New Energy signed a strategic partnership agreement for new battery power battery recycling. Attack, take the initiative in the market.

Whether it is the urgency of discarding old power batteries or the heat waves that have arisen in the capital market, they are currently bathed in the spring breeze of policy and enjoy unprecedented benefits.

The "Interim Measures for the Management of Recycling and Utilization of Powered Storage Batteries for New Energy Vehicles", "Code for Encoding Battery Products for New Energy Vehicles" and "Circular Economy Promotion Law" followed by "Promotion of Extended Responsibility System for Producers" and "Power Battery for Vehicles" Recycling and Dismantling Regulations, etc. A series of systematic laws and regulations provide macro requirements for waste power batteries, while also providing a standardized path for the recycling of waste power batteries.

Observing carefully, it is not difficult to find that the government’s continuous support focuses on two points: First, refine policies, strengthen implementation, encourage production and retailers to participate in the recovery of power batteries through flexible means such as subsidies, and guide the market to establish a battery recycling mechanism Second, compulsory technical standards have been issued, and the construction of a standard management system for the recycling and utilization of power batteries has been accelerated through mandatory rigid measures.

Waste power batteries have resource attributes. Although there are many problems in the recycling market, such as many channels, poor supervision, price confusion, and vicious competition, with the implementation of more regulations, policies, rewards and penalties, etc., the recovery of power batteries in China is bound to step A practical routine.

The author believes that more companies will enter the waste power battery recycling market in the future, stimulate market vitality, expand market size, and eventually achieve greater win-win situation in the industry, economic and environmental benefits.