SHANGHAI, Dec.12 (SMM)－Recycle of lithium power battery scrap will come in near future. The recycling market of lithium power battery will reach 14.03Gwh in 2018, as per 3-year battery lifetime of commercial vehicle and 5-year battery lifetime of passenger vehicle with recycling value of 0.3 yuan/wh.
The recycling market of lithium power battery will begin to take shape in early 2018 and reach 37Gwh scrap volume in 2020 with a market size of 11.1 billion yuan.
Concerning battery types, lithium iron phosphate has more inventory, which will be the first to move into scrap boom.
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