Ten thousand enterprises "grab junk" 100 billion power battery recycling war started ahead of schedule

Zhao Xiaoyong, managing director of Beijing Sadmei, told the China Securities Journal.To his surprise, the situation changed a year later: in 2021 alone, more than 10,000 newly registered companies flooded in, and the originally deserted power battery recycling track suddenly became crowded.

The power battery recycling industry started in 2020 and entered the white-hot competition stage in 2021. The reason is that the sales of new energy vehicles increased significantly in 2021, resulting in the early arrival of the "100 billion tuyere" of power battery recovery.However, under the boom of thousands of enterprises "grabbing junk", disorderly competition, bad money drives out good money, environmental risks and other problems are increasingly prominent.

"Hundred billion tuyere" arrived ahead of schedule

"Under the development tide of the new energy vehicle industry, power battery recycling has always been regarded as a high-quality track of 'long slope and thick snow'."Li Ming (pseudonym), head of Corun (5.580, -0.09, -1.59%), told the China Securities Journal that the service life of China's early installed power batteries is generally four to six years, and the installed capacity starts from 2015.That is to say, power batteries will gradually enter the large-scale scrap period from 2020, and the recycling industry has started accordingly.

Although the industry is just starting, but the enterprise investment boom burst out, a power battery recycling war should come a few years later ahead of time.