News & Insights Across Asia
Mercedes-Benz has inaugurated Europe’s first electric car battery recycling plant in Kuppenheim, Germany, marking a significant milestone in enhancing sustainability and reducing waste in the EV industry.
Asia’s battery recycling industry is set for rapid growth after 2025, driven by EV scrappage demand, policy incentives, and strong demand for recycled products.
At the 2024 Summer Davos in Dalian, CATL Chairman Robin Zeng emphasized battery recycling as key to sustainable development and expressed optimism that current geopolitical frictions are only temporary.
China faces a surge in retired NEV batteries, expected to reach 800,000 tonnes next year. Innovative recycling methods are being implemented to manage environmental risks and recover valuable resources.