CRU: #China Plans to Come from Behind to Win the Global #Battery #Recycling Industry

CRU: China Plans to Come from Behind to Win the Global Battery Recycling Industry, Thanks to New Policies

LONDON, Dec. 2, 2019
/PRNewswire/ -- Lithium-ion battery (LIB) recycling is hardly new in
the developed world, with notable industry players and well-established
regulations in place to process the countless 3-cell batteries reaching
the scrap-heap each day from portable electronics.

However,
the lack of explicit regulations (EU excluded) and integral recycling
networks for the nascent secondary market of electric vehicle (xEV)
batteries means that the playing field has once again been levelled; and
China is positioning itself to capitalize on the opportunity.

Are proper regulations in place in China?

China is the world's largest
consumer of xEVs, representing 30% of global sales in 2018, and this
share is expected to double by 2030.



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