The next industry that is about to explode: lithium battery recycling

by:CTECHi     2021-08-20

In 2017, the cumulative production and sales of new energy vehicles for the year were 794,000 and 777,000, respectively, representing a year-on-year increase of 53.8% and 53.3%. From January to August 2018, the cumulative sales of new energy vehicles was 601,000, a cumulative year-on-year increase of 88.0%. It is expected that in 2018, the sales of new energy vehicles will exceed 1 million for the first time. In 2009, my country officially launched the Ten Cities Thousand Vehicles Project to promote new energy vehicles. From 2009 to 2012, a total of 17,000 new energy vehicles were promoted. After 2013, new energy vehicles have entered the stage of large-scale promotion and application. As of June 2018, the cumulative production has reached 2.2 million, accounting for nearly 50% of the world's total production. my country has become the world's largest producer and seller of new energy vehicles. my country's new energy vehicles mainly adopt pure electric vehicles, so the issue of scrapping of power batteries after expiration has become an issue of concern to the government. On July 25, 2018, the Ministry of Industry and Information Technology and other seven departments launched a pilot work on the recycling of power batteries for new energy vehicles. This matter is of great significance to the lithium battery recycling industry. The pilot work on recycling of power batteries will promote the market to accelerate the improvement of the power battery recycling system. With the strong sales of new energy vehicles, the demand for power lithium batteries has opened up room for high growth. According to data calculations, it is estimated that my country's power lithium battery demand from 2016 to 2020 will be 28.21GWh, 36.44GWh, 47.48GWh, 69.82GWh and 100.94GWh, and the year-on-year growth rate from 2017 to 2020 will be 29.17%, 30.30%, 47.05% and 44.57% respectively. . This part of the battery is expected to have a service life of 5-7 years, and it is planned to enter the retirement period from 2018 to 2025. Therefore, in 2018, the power lithium battery recycling market ushered in a peak for the first time and will maintain rapid growth in the next three years. The resulting battery recycling market scale will reach about 6.5 billion yuan in 2020, of which the cascade utilization market size is about 4.1 billion yuan, and the recycling market size is 2.4 billion yuan. By 2023, the total market size will reach 15 billion yuan, of which the cascade utilization market size is about 5.7 billion yuan, and the recycling market size is about 9.3 billion yuan. Funds from all sources are rushing to beach lithium battery recycling companies, and they are planning ahead in 2018. Related industry predators have often rushed to beach the lithium battery recycling industry, including vehicle manufacturers, power battery manufacturers, and battery material manufacturers. 1. On the evening of March 23, 2018, Shengtun Mining (600711) issued an announcement stating that the company intends to purchase 100% equity of Zhuhai Kelixin Metal Materials Co., Ltd. at a price of 1.2 billion yuan by way of non-public issuance of shares. The purchase price is 13 Times PE; 2. On March 14, 2018, Jilin Jien Nickel Industry announced that its wholly-owned grandson company, Jien International Investment Co., Ltd., intends to transfer its 36.59 million shares of North American Lithium Industry to Ningde Times (300750)’s wholly-owned grandson company, Canadian Times; 3. In December 2017, Tianqi (002009) announced that it would invest 100 million yuan in its own funds and acquire Jiangxi Longnan Jintai Pavilion through this special Mu0026A fund Cobalt has 98% equity, forming a closed loop of lithium battery recycling industry. 4. On August 31, 2017, Nachuan shares (300198) issued an announcement stating that the controlling Quanzhou Qiyuan Nachuan New Energy Industry Partnership acquired Xingheng Power at a price of 1.864 billion yuan (the first domestic power lithium battery Second life and echelon utilization) 61.59% equity; 5. On August 30, 2017, Guoxuan Hi-Tech (002074) announced that it will invest 50 million yuan with Lanzhou Jinchuan to establish two power batteries in Anhui and Gansu. Resource recycling technology company to build a power battery recycling production line; 6. On August 29, 2017, Hanrui Cobalt (300618) issued an announcement stating that it invested 100 million yuan to establish a wholly-owned subsidiary Ganzhou Hanrui New Energy Technology Co., Ltd., Construction of lithium battery waste recycling and hydrometallurgical production line projects; 7. On August 10, 2017, Xiamen Tungsten Industry (600549) issued an announcement stating that it intends to apply to Ganzhou Haopeng (the company specializes in the recycling and processing of secondary battery renewable resources) Increased capital by RMB 78,848,700. After the capital increase, the company will hold 47% of Ganzhou Highpower's equity and become its largest shareholder; 8. On August 2, 2017, GEM (002340) issued an announcement stating that it will use its own funds of 900 million yuan to invest in its wholly-owned subsidiary Jingmen. City Gelinmei New Materials Co., Ltd. increased its capital to further its power battery recycling and raw material recycling business; 9. On November 7, 2017, Narada Power (300068) announced that it intends to use its own funds of 100 million yuan to establish a wholly-owned subsidiary in Anhui Nandu Huabo New Material Technology Co., Ltd. is engaged in lithium battery recycling and new materials business; 10. On April 5, 2017, Huayou Cobalt (603799) issued an announcement that it intends to acquire South Korea’s TMC company (regeneration) through its subsidiary Huayou International Holdings. Metal raw material processing enterprise) 70% of the equity, the equity transaction price is about 121 million yuan. According to statistics, the number of mergers and acquisitions of lithium batteries increased from 17 in 2013 to 53 in 2016. The amount of mergers and acquisitions increased from 1.758 billion to 28.6 billion in 2016. In 2017, there were 35 lithium battery mergers and acquisitions involving listed companies, of which 34 transactions totaled over 46.5 billion yuan, and there were 15 companies with over 1 billion mergers and acquisitions. As of June 30, 2018, listed companies have involved 36 financing mergers and acquisitions in the fields of lithium batteries, equipment and upstream materials, involving an amount of 43.525 billion yuan. The lithium battery recycling system is currently being established, the policy has not yet been fully clarified, recycling channels are under construction, and there is no uniform standard for recycling technology. As power batteries enter a period of concentrated obsolescence and sales of new energy vehicles continue to soar, power battery recycling will usher in a golden period of development.

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