Recently, the Energy Research Institute of the Development and Reform Commission pointed out in an article in the Economic Daily that it is urgent to strengthen the recycling of new energy vehicle power batteries, improve system construction and traceability management, and balance the performance of the whole life cycle of the battery with environmental goals. In this regard, one is to speed up the development of power battery recycling management methods, from the market, environmental protection, safety and other aspects to strengthen the battery flow management. Second, improve the technical standards related to power battery recycling, and build a standard system covering gradual utilization and material recycling. Third, support the development of the integration of industry, academia and research, encourage cooperation between schools and enterprises, and promote the flexible dismantling of retired batteries, efficient recycling and other technical research and market applications. Fourth, accelerate the research on carbon footprint methodology of power batteries, incorporate the recycling link into the whole life cycle carbon footprint evaluation of batteries, and enhance the comprehensive competitiveness of export batteries in the international market.
According to the analysis of Minsheng Securities, the main players in the domestic power battery recycling field include battery manufacturers, vehicle enterprises and third-party recycling enterprises, and three power battery recycling business models have been derived accordingly. (1) The power battery recycling led by vehicle enterprises is mainly through the formation of industrial alliances to establish the recycling body. Its advantage is that the recycling channels are wide, technical expertise is strong, and through the cooperation of various links in the industry chain, it can effectively reduce vicious competition, reduce material recycling costs, and improve recycling efficiency and operational efficiency, but it also requires risk sharing. (2) The mode of battery manufacturers to recycle retired power batteries. Represented by Ningde Times, it participates in the recycling of retired power batteries by building factories and cooperating with enterprises. (3) The mode of third-party recycling enterprises to realize battery recycling and resource utilization through self-built recycling network. Generally entrusted by battery manufacturers or automobile manufacturers, its advantage lies in the highly mature recycling process and strong professionalism.
Soochow Securities believes that the lithium cycle fifteen years of high boom long slope thick snow, renewable resources value highlights escort new energy development. Key recommendations: Tianqi shares, Ningde Times, BYD, Huayou Cobalt, Zhongwei shares, Zhenhua New Material, Greenmax; Suggested attention: Guanghua Technology, Nandu Power, Wang Energy Environment, Ganfeng Lithium, Xiamen Tungsten.