Utmel: Global Power and Energy Storage Battery Recycling Scale Will Exceed 1TWh by 2030
Utmel estimates that the global recycling scale of power and energy storage batteries will exceed 1TWh by 2030, with lithium iron phosphate batteries accounting for more than 58% of the total.
- Utmel estimates that the global recycling scale of power and energy storage batteries will exceed 1TWh by 2030, with lithium iron phosphate batteries accounting for more than 58% of the total.
- However, there are still several major problems to be solved in the battery recycling industry at this stage.
- Take the Chinese market as an example, since 2020, China has continued to introduce power battery recycling policies.
- In China, one of the world's largest new energy vehicle markets, the installed scale of the global power battery market will exceed 3TWh by 2030, and the installed scale of China's power battery is expected to occupy about 45% of the world.