The new energy market is thriving, with sales repeatedly scaling new heights. In 2024, global sales of new energy vehicles surged to 18.236 million, with China accounting for an impressive 70% of this market. However, alongside this sales boom, the challenge of managing waste batteries has come into sharper focus. Rather than being discarded outright, these batteries undergo rigorous processes such as testing, disassembly, and capacity grading to facilitate their hierarchical utilization or recycling. Hierarchical utilization involves deploying retired batteries in applications with less stringent performance requirements, while recycling involves extracting valuable metals for reuse in new batteries.

China is at the forefront of establishing a standardized, safe, and efficient recycling system for waste batteries. This involves strengthening the full-chain management of battery flows, ensuring traceability, and fostering the healthy development of the power battery recycling industry.