With the earliest batch of new energy vehicles coming into "retirement", the total number of retired power batteries in China reached about 200,000 tons in 2020, and the number is expected to rise to about 780,000 tons by 2025, according to a CCTV weekend report.
China's Ministry of Industry and Information Technology has asked car companies and battery recycling companies to build more than 10,000 recycling outlets across the country, and today China's electric vehicle battery recycling business is growing rapidly, the report said.
Tesla may launch China-made Model Y with LFP batteries in July
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