At the 2018 China New Energy Power Battery and Energy Storage Industry Conference, several industry experts shared their insights with the China Securities Journal, stating that the market for recycling spent power batteries was expected to experience significant growth in 2018. They emphasized that as the number of electric vehicles on the road increased, so too would the volume of end-of-life batteries, creating a major opportunity for the recycling sector.
According to industry projections, the waste power battery recycling market was anticipated to reach 5 billion yuan in 2018. By 2020 to 2023, the market size was expected to grow substantially, reaching between 13.6 billion and 31.1 billion yuan. This rapid expansion reflects the growing awareness of environmental sustainability and the increasing demand for efficient battery management systems.
Experts also highlighted that when the capacity of a power battery in an electric vehicle drops below 80%, it is typically retired from use. However, through cascade utilization, these batteries can still be repurposed for secondary applications such as energy storage systems. These include residential energy storage, electric vehicle charging stations, power supply stations, and even telecommunications base stations. This not only extends the lifecycle of the battery but also reduces overall waste and costs.
Xiao Chengwei, an expert involved in China’s national “863†plan for energy conservation and new energy vehicles, noted that lithium iron phosphate batteries contain relatively low amounts of precious metals, making them less valuable for recycling. In contrast, ternary material batteries—such as those containing nickel, cobalt, and manganese—have a higher concentration of valuable metals, which gives them greater recycling potential. As a result, the recycling of ternary batteries has already established a well-developed business model with clear profitability.
Several leading companies in the battery industry, including GEM, Camel, BYD, CATL (Ningde Era), Huayou Cobalt, Guoxuan Hi-Tech, and AVIC Lithium, have been actively investing in and expanding their power battery recycling initiatives. Their efforts reflect a broader industry shift toward sustainable practices and resource efficiency.
In summary, the mid-power battery recycling market was set to become a key player in the energy storage and electric vehicle sectors in 2018. For more detailed updates and insights, readers are encouraged to follow eeworld, where comprehensive and up-to-date information on automotive electronics and related industries will continue to be provided.
monopole
Product Description
Available height:5-80m
Electric pressure:10kv--550kv
Material:Q345B/A572,minimum yield strength>=345MPA,
Q235B/A36,minimum yield strength>=235MPA
Galvanized:Hot dip galvanization,thickness is>=12um
Delivery lead time:30 days after receiving 30% deposit
Lifetime:Minimum 25 years
Structure:Overlap connection/Flange connection
Galvanizing standard:EN ISO 146,ASTM/A123
Manufacturing and workmanship:BS449 or AISC
Welding standard:BSEN287,BSEN288 or equivalent
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