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Lithium Battery Recycling Industry Has a Bright Prospect
2022-03-10
Data show that the global supply of lithium resources in 2021 is about 540,000 tons. By source, lithium pyroxene supply is about 44%, lithium from salt lake supply is about 39%, and recycling supply is only about 2%. Industry bodies predict that by 2025, the global demand for lithium resources will reach about 1.7 million tons, by which time, the recycling supply is expected to increase to about 8%.
Market development space, data show that, as of 2020, China's cumulative domestic retired power battery over 200,000 tons, the market size of 10 billion yuan. 2021 China's new energy vehicle sales completed 3.521 million units, an increase of 1.6 times, maintaining high growth, power battery installed capacity is also close to 160GWh, the next few years power battery will undoubtedly continue to maintain a high growth rate Power batteries will undoubtedly continue to maintain a high growth rate in the next few years. According to the current technology, the average service life of power batteries is about 6 years, with the increase of new energy vehicle market penetration, the number of retired power batteries will also grow rapidly, and the recycling field will reach a hundred billion market scale in the next few years.
Whether to meet the supply of raw materials, or to pursue economic value, or to enhance cost competitiveness, there are already many companies have started to get involved in the recycling field, and a few companies have early deployment in advance.
Market development space, data show that, as of 2020, China's cumulative domestic retired power battery over 200,000 tons, the market size of 10 billion yuan. 2021 China's new energy vehicle sales completed 3.521 million units, an increase of 1.6 times, maintaining high growth, power battery installed capacity is also close to 160GWh, the next few years power battery will undoubtedly continue to maintain a high growth rate Power batteries will undoubtedly continue to maintain a high growth rate in the next few years. According to the current technology, the average service life of power batteries is about 6 years, with the increase of new energy vehicle market penetration, the number of retired power batteries will also grow rapidly, and the recycling field will reach a hundred billion market scale in the next few years.
Whether to meet the supply of raw materials, or to pursue economic value, or to enhance cost competitiveness, there are already many companies have started to get involved in the recycling field, and a few companies have early deployment in advance.
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