Strengthen and expand the implementation of the program of large-scale equipment upgrades and consumer goods trade-ins, and accelerate the improvement of recycling and reuse levels.

SMM January 19 News:

Recently, the National Development and Reform Commission (NDRC) website released the "Notice of the National Development and Reform Commission and the Ministry of Finance on Intensifying and Expanding the Implementation of the Large-Scale Equipment Upgrades and Consumer Goods Trade-In Policy in 2025," which aims to intensify and expand the implementation of the "program of large-scale equipment upgrades and consumer goods trade-ins" policy and promote lithium recycling and reuse.

Regarding "accelerating the improvement of recycling and reuse levels," the notice specifically states:

  I. Strengthening Recycling and Reuse Capacity Building: Continue to use ultra-long-term special treasury bond funds to support high-level projects, promote the establishment of a national resource recycling platform by China Resources Recycling Group Co., Ltd., and optimize the resource recycling chain. Support the supply and marketing cooperative system in leveraging grassroots network advantages to improve the standardized recycling network and integrate the waste collection and transportation system with the renewable resource recycling system. Focus on R&D of major technical equipment and support key enterprises in the resource recycling field.

  II. Promoting the Upgrade of the Used Goods Trading and Remanufacturing Industry: Promote pilot projects for used goods circulation and the "Internet + Used Goods" model. Support platforms and third parties in providing inspection services and facilitate the export of eligible used cars. Encourage the remanufacturing of obsolete equipment, ensuring that product quality and safety performance are not inferior to new products, and promote the import policy for remanufactured products in key industries.

  III. Supporting the Recycling and Processing of Waste Electrical and Electronic Products: The central government will continue to provide special funds in the form of "rewards instead of subsidies" to support recycling and processing, promoting the healthy development of the industry. A management method for special funds will be formulated as soon as possible to clarify the standards for supporting enterprises and guide environmental protection and standardized dismantling.

  IV. Promoting High-Quality Development of the Resource Recycling Industry: Promote the "reverse invoicing" system for individuals selling scrap products to regulate the industry's tax order. Conduct special promotion of the application of recycled materials, implement the extended producer responsibility system, and support producers in increasing the proportion of recycled materials used. Crack down on illegal recycling and dismantling activities, and investigate and handle illegal operations involving motor vehicles, waste electrical appliances, and end-of-life batteries in accordance with the law.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

He Zhang 021-20707850