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Sodium-lithium hybrid battery packs, leveraging their advantages, provide new impetus for the development of China's new energy vehicle industry chain.


Published Time:

2023-12-17

On December 15, the National Development and Reform Commission (NDRC) issued the "Implementation Plan for the 14th Five-Year Plan to Expand Domestic Demand." Addressing the main factors restricting the expansion of domestic demand and focusing on the main goals of the strategy during the 14th Five-Year Plan period, the plan adopts a problem-oriented approach and clarifies key tasks. The document proposes actively developing a green and low-carbon consumption market, accelerating the construction of a recycling system for waste materials, and regulating the recycling industries of automobiles, power batteries, home appliances, and electronic products.

Tailwinds for the Construction of a Power Battery Recycling System

On December 15, the National Development and Reform Commission (NDRC) issued the "14th Five-Year Plan" for Expanding Domestic Demand, addressing key factors hindering the expansion of domestic demand and outlining key tasks based on the main goals of the "14th Five-Year Plan" for implementing the strategy of expanding domestic demand. The document proposes actively developing a green and low-carbon consumption market, accelerating the construction of a recycling system for waste materials, and regulating the recycling industries of automobiles, power batteries, home appliances, and electronic products.

It is understood that the scrappage cycle of power batteries is about 4-6 years. Coupled with the current contradiction in raw material supply, increasing the intensity of power battery recycling is imminent, both from the perspective of power battery lifecycle management and resource strategic security.

Currently, the number of registered companies related to power battery recycling exceeds 2,000, but only dozens of companies are on the Ministry of Industry and Information Technology's "whitelist." This means that many power batteries are not professionally handled during the recycling process, leading to chaos in the recycling market and making battery recycling, which is intended to be environmentally friendly, less environmentally friendly.

As the world's largest new energy vehicle market, China currently has nearly 13 million new energy vehicles in operation. Backed by two trillion-level markets—new energy vehicles and energy storage—the battery recycling industry has broad prospects. However, at present, there are still many problems to be solved in various links of the power battery recycling industry chain, including channels, technology, and data.

China's new energy vehicle penetration rate has already exceeded its target

China's automobile industry started late, but the development of new energy vehicles has been rapid. As early as 1992, Academician Qian Xuesen suggested developing new energy vehicles, and China's new energy vehicle project was officially launched. In 1995, the first pure electric bus in China, the "Yuanwang", was launched.

After 30 years of development, China's new energy vehicles have gone from exploration to setting goals, from technological upgrades and iterations to rapid development, with continuous breakthroughs in three-electric technology (battery, electric drive, and electric control). Currently, China has become the world's largest new energy vehicle market. Data from the China Association of Automobile Manufacturers (CAAM) shows that in November 2022, domestic new energy vehicle sales reached 786,000 units, more than 122 times the level of early 2015, and consumer acceptance of new energy vehicles has greatly increased.

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