- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
For cars, batteries serve as a backup power source. The propulsion system of a battery-electric vehicle is powered by electric vehicle batteries (EVBs), which are batteries. Batteries for electric vehicles are frequently rechargeable batteries with large ampere-hour capacities.
These batteries are lightweight and tiny in size, which also aids in reducing the vehicle's weight and improving performance. While recycling is the process of turning garbage into new products.
The recycling market in China is fragmented, tiny, and has significant operating expenses. China, the world's largest auto market, is addressing the battery recycling concerns by making great strides in recycling lithium-ion batteries, which are widely utilized in their automobiles.
The China EV Battery Recycling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A joint venture between the CATL unit and Hubei Yihua Chemical Industry Co Ltd will be formed to recycle spent electric vehicle batteries into chemicals like cobalt and lithium.
Modern Ampere Technology Co Ltd, a manufacturer of electric car batteries, intends to construct a battery material recycling plant in the province of Hubei in central China.
The company's statement comes at a time when there is a significant increase in the demand for electric vehicles worldwide, making the industry's mission of sourcing battery materials crucial.
The largest auto market in the world, China, has also established guidelines and regulations to support battery recycling and resource conservation.
In response to concerns about material shortages, the BMW Group is starting a joint venture to recover lithium-ion battery metals by recycling used electric vehicle packs in China for the first time.
The BMW Brilliance Automotive (BBA), a partnership between BMW and Brilliance Auto, was established to recycle nickel, lithium, and cobalt from electric car high-voltage batteries.
The batteries will come from development cars that are totally and partially electric, test systems, manufacturing rejects, and in the future, vehicles that are nearing the end of their useful lives.
In order to recover elements for use in the creation of new battery cells for the BMW Group, BBA will collaborate with a Chinese recycler that disassembles discarded EV batteries. According to BMW Group, a 100kWh battery typically comprises about 90kg of nickel, lithium, and cobalt.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.