At the same time, the technical path of lithium iron phosphate batteries in the field of electrochemical energy storage has become the mainstream solution for new installed capacity in recent years, and its market share is rising rapidly. As EV and energy storage batteries will be largely phased out in the future, TrendForce predicts that the global market for EV and energy storage battery recycling will exceed 1TWh by 2030, of which the scope of lithium iron phosphate battery recycling will reach We estimate that it will account for more. Over 58% share.
Competitors abound, but the actual scale of used power battery recycling is limited
However, at this stage, there are still some major issues to be resolved in the battery recycling industry. First, the lithium-ion battery recycling industry is still developing, and about 70% of used batteries are defective or waste from battery factories. The physical scale of recycling is still small. Second, the number of participants in the battery recycling industry continues to grow, and there is still room for improvement in industry-wide standardization.
Taking the Chinese market as an example, after 2020, China will continue to introduce recycling policies for power batteries. In 2021 alone, he said more than 10,000 new battery recycling companies will be registered, nearly four times as many as in 2020. As of the end of 2021, only 45 companies (hereinafter referred to as whitelisted companies) meet the “Industry Standard Requirements for Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles” issued by the Ministry of Industry and Information Technology of China. According to a TrendForce study, the annual capacity of comprehensive waste battery processing generated by whitelisted companies is now over 1.01 million tons, and the planned capacity of these companies is 4.25 million tons. It is over. However, the actual amount of lithium-ion batteries recycled in China in 2021 will be less than 300,000 tons, showing a clear idling capacity of the battery recycling industry.
Cascade utilization and recycling go hand in hand to create a recycling economy for the battery industry
From the perspective of China, one of the world’s largest NEV markets, the installed capacity of the global power battery market is expected to exceed 3TWh by 2030, with China’s power battery installed capacity accounting for about 45% of the world’s total. I’m here. Effective use of the battery’s entire life cycle is therefore an important way to create an eventual low-carbon economy, and battery recycling not only compensates for resource scarcity, but also Reduce stress on the environment and resources, production, and use of key mining materials.
According to TrendForce research, the current recycling of waste lithium-ion batteries in China is mainly divided into cascading use and recycling and rebuilding. Cascade utilization is used in areas such as backup power, small-scale energy storage, and micro-vehicles (such as low-speed electric vehicles) where the power battery’s storage capacity decays below 80%, while in the energy storage area Most cascading uses are used. It remains in the experimental demonstration stage and has been excluded from large-scale energy storage projects by China’s National Energy Administration. Recycling and regeneration refers to dismantling used power batteries, recovering valuable metals such as lithium, cobalt, and nickel, and reusing them to remanufacture battery materials.
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