1. Policy benefits the development of the power battery recycling industry

　　Since 2012, the country has successively introduced multiple policies related to the recycling of power batteries. After ten years of development, the power battery recycling system is gradually being standardized and improved. Especially since 2021, policies have been strengthened, and in 2021, "accelerating the construction of a power battery recycling and utilization system" was first included in the government work report. The "14th Five Year Plan for Circular Economy Development" mentioned that power battery recycling action is one of the 11 key projects. As the national level attaches great importance to the power battery recycling industry, the construction of the power battery recycling system will press the "acceleration button".

　　2. Power batteries are about to retire

　　The elements in lithium batteries have economic value and can be recycled, becoming one of the important sources of raw materials for lithium battery production, effectively reducing battery costs. Against the backdrop of the continuous rise in upstream material prices for lithium batteries and the increasing scarcity of upstream metal resources, the economic benefits of lithium battery recycling will become increasingly prominent.

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