NEWS

Since the beginning of 2023, the new energy battery recycling industry has been keeping expanding. According to statistics from Gaogong Lithium Battery, there are nearly 10 pieces of production expansion/investment news related with traction battery recycling since January 2023, involving players of the entire chain, including car companies like Guoxuan High Tech, Ningde Times, Greenway, and Dezhong Automobile, battery, material and professional recycling companies. As technology gradually matures and scale effects release, the traction battery recycling industry is approaching a profit critical point. GGII predicts that the cumulative amount of retired power batteries in China will reach 137.4GWh, and the amount of waste batteries that needs recycling will reach 960,000 tons by 2025. 2025 is expected to become a landmark starting point for the large-scale retirement trend and enter a golden period of both scale and profit growth. The new energy battery recycling will become a huge super track at that time.