With the end of the lifespan of lithium iron phosphate batteries, recycling has become a major environmental challenge. Compared with ternary lithium-ion batteries, the recycling rate of lithium iron phosphate is lower, lacking profit points, and even the recycling of recycled materials is often in a loss making state. This results in the recycling of lithium iron phosphate batteries not only failing to bring benefits, but also becoming a certain drag.
At the same time, the hierarchical utilization of lithium-ion batteries and the exploration of new markets have become the top priority for lithium-ion battery companies, according to Wuxi Xingneng Lithium Analysis. After the subsidy for lithium-ion batteries has declined, the cost and utilization efficiency of lithium-ion batteries have become increasingly important core issues in today's market.
After the subsidy for lithium-ion batteries has declined, the cost and utilization efficiency of lithium-ion batteries have become increasingly important core issues in today's market. If lithium iron phosphate batteries are scrapped and dismantled, they can only achieve an economic benefit of about 9300 yuan per ton, which is difficult to cover their recycling costs. Therefore, lithium iron phosphate batteries are more suitable for cascading utilization.
From the perspective of market size, the overall market size of China's power lithium battery recycling, dismantling, and cascading utilization will reach 6.68 billion yuan by 2020, and 13.10 billion yuan by 2022.
The hierarchical utilization space of lithium iron phosphate batteries is huge, and the dismantling technology of ternary batteries is currently relatively mature. The market space of both is expected to rapidly increase with the increase of scrap volume. In the treatment of lithium iron phosphate batteries, technological factors lead to high direct dismantling costs, and priority is given to cascading utilization. There is a lot of room for companies that can effectively dismantle and make profits.
Due to the fact that retired batteries often have a certain service life, if cascade application research can be carried out to expand application areas, the service life can be effectively extended and the operating costs of the usage scenarios can be reduced.
