The Ministry of Industry and Information Technology is stepping up research and introduction of battery recycling programs

　　Relevant agencies predict that the waste power battery recycling market will begin to explode in 2018, with a scale of up to 5 billion yuan that year. At present, automobile manufacturers and power battery manufacturers are focusing on the layout of the recycling industry.

　　Relevant persons close to the Ministry of Industry and Information Technology revealed to a reporter from China Securities News that the Ministry of Industry and Information Technology is stepping up research and introduction of a power battery recycling program, and related policies are expected to be released in 2018. The agency predicts that the waste power battery recycling market will begin to explode in 2018, with a scale of up to 5 billion yuan that year. At present, automobile manufacturers and power battery manufacturers are focusing on the layout of the recycling industry.

　　The tide of power battery scrap is coming

　　In recent years, the number of new energy vehicles in the market has exploded. Statistics from the China Association of Automobile Manufacturers show that in 2017, the domestic production of new energy vehicles was 794,000, and the sales volume was 777,000, ranking first in the world for three consecutive years. Statistics from the Ministry of Public Security show that as of the end of 2017, the number of new energy vehicles nationwide reached 1.53 million, accounting for 0.7% of the total number of vehicles. According to the national "Thirteenth Five-Year" new energy vehicle plan, the annual production and sales volume of new energy vehicles will reach 5 million by 2020.

　　As one of the core components of new energy vehicles, power battery usage has increased accordingly. According to data from the China Chemical and Physical Power Supply Industry Association, the amount of power batteries loaded on domestic new energy vehicles reached 37.06GWh in 2017, a year-on-year increase of 21.5%.

　　"The service life of power batteries is generally 5-8 years. The new energy batteries put on the market in the early stage are basically at the critical point of elimination. This means that power batteries will enter a large-scale wave of scrapping from this year and next." China Renewable Resources Recycling Association scrapped Zhang Ying, secretary-general of the Che Branch, told a reporter from China Securities Journal.

　　According to the forecast of the China Automotive Technology Research Center, combined with factors such as the number of years of scrapped vehicles and the life of power batteries, from 2018 to 2020, the country’s cumulative scrapped power batteries will reach 120,000 to 200,000 tons; by 2025, the annual scrap volume of power batteries may reach The scale of 350,000 tons.　　The industry expects,