China Sees Sharp Rise in Decommissioned New Energy Vehicles & Retired Power Batteries in 2023, Urging Boost in Recycling Efforts

Published: Sep 8, 2024 16:37

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Data released by the China New Energy Vehicle Power Battery Recycling and Utilization Industry Collaborative Development Alliance showed that in 2023, 389,000 new energy vehicles nationwide were decommissioned, up 161.2% year-on-year; and a total of 168,000 tonnes of retired power batteries were generated nationwide, up 78.3% year-on-year. There is no time to lose in improving the recycling rate of power batteries.

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