Report: China Tower announces partnerships with 11 EV-makers on second-life EV batteries

Published: Nov 6, 2018 14:25

Save

China Tower and 11 EV-makers will establish branches to collect retired power batteries

At a recycling forum in Beijing at the end of October, China Tower a inked an agreement with 11 major manufacturers of electric vehicles (EV) for second-life EV and retired EV batteries.

China Tower, operator of telecommunication towers, and the 11 EV-makers will establish branches across China to collect retired power batteries.

The new-energy vehicle (NEV) industry has grown significantly in China in recent years, said Li Li, an official from the Ministry of Industry and Information Technology (MIIT) at the forum. China's overall output of NEVs exceeded 2.56 million by September, with captive batteries above 120 GWh.

By 2020, retired EV batteries are likely to amount to 24 GWh, which would take a toll on the environment. This will provide China with an impetus to develop solutions and standards for retired batteries from electric vehicles.

Electric vehicle New-energy vehicle NEV EV

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

19 hours ago

22 hours ago

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

22 hours ago

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18