⚡SNE Research estimates that the number of EV batteries that will come to the end of their common lifespan next year will reach half a million. In 2040, this number will be 4.2 million per year!
⚠️The materials inside the lithium-ion cells of automobiles can be largely recycled and reused in battery production.
💰 Last year, CATL produced 13,000 tons of LFP cathode material by converting 100,000 vehicle batteries. The global giant predicts that recycling will provide most of the necessary materials for batteries after 2035. The company carries out R&D activities to increase the recycling rate of cathode active material to 99.3% and lithium recycling to over 90%.
🔋It is estimated that the market volume will reach 45 billion USD in 2050, thanks to initiatives that develop highly efficient processes.
