According to national regulations,when the capacity of the power battery decays to less than 80% of the rated capacity,it will face retirement and be forced to be recycled. Recently,due to the sharp rise in the prices of raw materials such as nickel,cobalt and lithium,the recycling price of power batteries has also soared. At the lowest point last year,the price of recycling was only 60% compared with the new product,and now the discount factor has basically doubled
According to data from the China Automotive Technology and Research Center,in 2020,the number of new energy vehicles in China has reached 4.92 million,and the cumulative number of retired power batteries is 200,000 tons (about 25GWh). In 2025,the waste power battery capacity that needs to be recycled in my country is expected to reach 137.4GWh,more than 5 times that of 2020.
