Caixin
Jun 22, 2023 09:49 PM
BUSINESS

EV-Battery Recycling Accelerates in China With Strong State Support

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What’s new: China recycled 115,000 tons of electric-vehicle (EV) batteries in the first five months of 2023, surpassing the 102,000 tons in the entire of 2022, as the world’s largest EV market ramps up recycling efforts of spent cells.

The country now has more than 10,000 battery collection points and 84 designated companies that meet battery recycling industry standards, said Xin Guobin, a vice minister from the Ministry of Industry and Information Technology (MIIT) at a press briefing on Wednesday.

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