Top 10 power battery recycling companies in China in 2022

China's power battery recycling industry is still in its early stages of development

As China's new energy vehicle industry enters an outbreak period, the demand for power lithium batteries is also rising, and there is a huge demand for power lithium battery raw materials. Currently, the first batch of electric vehicle batteries in China are facing retirement, and battery recycling and recycling can increase the supply of batteries for raw materials and other fields. China's waste car battery recycling industry is currently in the early stage of development, and the number of companies focusing on this business is relatively small.

Some of them participate in investment holdings, and some participate in project construction. The Top 10 power battery recycling companies in China mainly include GanfengLithium, GEM, HUAYOU COBALT and so on. Among the Top 10 power battery recycling companies, most of the companies' power lithium battery recycling business is in the process of project advancement. At present, the number of companies with waste battery processing capacity is relatively small, among which GEM and other companies are more advanced.

Some companies have obtained certain business development capabilities by investing in mature power lithium battery recycling companies, such as MIRACLE AUTOMATION, CATL, etc. This article will expand the relevant situation of China's Top 10 power battery recycling companies in detail, and provide you with information on the leading companies in the power lithium battery recycling industry in an all-round way, including their development history, leading business and power lithium battery recycling business layout.

Top 10 power battery recycling companies in China in 2022

① GanfengLithium

Company profile:

As the leader of China's Top 10 power battery recycling companies, GanfengLithium's business runs through the entire industrial chain of resource extraction, refining and processing, battery manufacturing and recycling, and its products are widely used in electric vehicles, energy storage, 3C products, chemicals and pharmaceuticals. GanfengLithium's lithium ore resources are all over the world, and at the same time, it has the industrialization technologies of "extraction of lithium from brine", "extraction of lithium from ore" and "extraction of lithium from recycling".

GanfengLithium's lithium compound and metal lithium production capacity is sufficient, and there are many production bases at home and abroad. In addition. GanfengLithium has complete battery manufacturing and recycling technology, providing sustainable value-added solutions for battery manufacturers and electric vehicle manufacturers. It is the pioneer of lithium iron phosphate battery recycling and extraction in China.

Main product and business:

Lithium battery: power battery, energy storage system, 3C digital battery, solid-state lithium battery; Lithium battery materials: precursor series materials and solid electrolyte materials. Industry solution: power battery recycling.

Recent layout:

Recently, GanfengLithium announced that it signed a "Strategic Cooperation Framework Agreement" with SVOLT, and the two parties will carry out in-depth cooperation in lithium resources, lithium salt supply and marketing, battery recycling and industrial park construction. In 2018, GanfengLithium's 34,000-ton waste lithium battery comprehensive recycling project realized industrialization, which can process 20,000 tons of waste lithium iron phosphate batteries and 14,000 tons of waste ternary lithium batteries annually. In 2021, GanfengLithium's recycling and processing of various waste battery materials will exceed 20,000 tons.

② GEM

Company profile:

As a global leader in the field of new energy battery material manufacturing and power battery recycling, GEM is naturally in a leading position among the Top 10 power battery recycling companies in China.Starting from overcoming the waste battery recycling technology, and then overcoming the world's technical problems such as green disposal of electronic waste, the overall resource recycling technology of scrapped automobiles, and the ternary "nuclear" technology of power battery materials.

 GEM has made a breakthrough in solving the key technical difficulties in the green treatment and recycling of typical waste resources such as used batteries, electronic waste and scrapped cars in China, and has built the world's advanced new energy full life cycle value chain, cobalt and tungsten rare metal resources recycling and regeneration Resource recycling mode and new energy recycling mode such as value chain, e-waste and waste plastic recycling value chain.

Leading products:

New energy materials, cobalt nickel tungsten and cascade utilization battery pack

Latest news and related layout:

On May 6, 2022, GEM said that in 2022, the company plans to recycle 30,000 tons of waste power batteries and waste, power battery cascade utilization and assembly of more than 2.0GWh, an increase of 100%, and battery waste black powder production of more than 10,000 tons.

③ GHTECH

Company profile:

GHTECH is an advanced professional chemical service provider integrating product development, production, sales and service, ranking third among Top 10 power battery recycling companies. GHTECH is dominated by high-performance electronic chemicals, high-quality chemical reagents and special chemicals for production lines, new energy materials and secondary utilization and recycling of retired power batteries, while providing customized development and technical services for other professional chemicals.

Industrial distribution:

Comprehensive utilization of power batteries and new energy materials - GHTECH actively deploys lithium battery device-level and material-level full life cycle technologies, based on harmless treatment technology and intelligent cascade utilization technology as a bridge. While providing high-performance power battery materials, it complements the power battery recycling chain to maximize resource utilization efficiency.

Related layout:

Since the overall industrial application of the technology in January 2019, the battery-grade products and electronic-grade products produced by GHTECH have been applied to leading enterprises in the new energy and electronics industries. Accumulated new sales of 570 million, new profits of 74.53 million, and new taxes of 75.26 million.

Relying on this technology, GHTECH has built a production line of 10,000 tons of decommissioned lithium batteries in Shantou and a production line of 60,000 tons of decommissioned lithium batteries for cascade utilization and dismantling and classification in Zhuhai, and has formed a mature commercial promotion model. Previously, GHTECH planned to invest 3 billion RMB to build a comprehensive utilization production line for decommissioned power batteries.

④ CATL

Company profile:

CATL is the world's leading new energy innovation technology company, dedicated to providing first-class solutions and services for global new energy applications. Relying on its subsidiary BRUNP RECYCLING, CATL works with customers to create an ecological closed loop of "battery production → use → cascade utilization → recycling and resource regeneration"; at the same time, CATL has reached a strategic cooperation with BASF, focusing on the field of cathode active materials and battery recycling, promoting CATL Epoch's localization process in Europe to develop a sustainable battery value chain.

Main solutions:

Battery recycling: CATL focus on the field of cathode active materials and battery recycling and builds the ecological closed loop of battery production → use → cascade utilization → recycling and resource regeneration”.

Recent layout:

On April 29, 2022, CATL stated that the battery recycling business of its subsidiary BRUNP RECYCLING has achieved a recovery rate of 91% for lithium and 99% for nickel and cobalt. In October 2021, CATL invested 32 billion RMB to establish an industrial park for recycling waste battery materials.

⑤ MIRACLE AUTOMATION

Company profile:

As one of the Top 10 power battery recycling companies, MIRACLE AUTOMATION's products and services mainly involve recycling equipment, scrapped car recycling and dismantling, lithium battery recycling and new energy engineering and other industrial fields. It has gradually formed an industrial group with comprehensive businesses such as solid waste treatment intelligent equipment, scrapped automobile recycling and utilization, new energy engineering, lithium battery recycling and utilization, etc.

Main products and services:

Automotive-aftermarket - power battery recycling and resource utilization, recycling and dismantling of scrapped cars and remanufacturing of core automotive components.

Latest news and related layout:

In June 2022, MIRACLE AUTOMATION and Haitong Unitrust signed the "Strategic Cooperation Agreement on Lithium Battery Recycling" to jointly build a closed-loop industrial chain of lithium battery recycling and utilization. In April, MIRACLE AUTOMATION and PHYLION BATTERY recently signed a "Strategic Cooperation Framework Agreement", which intends to cooperate in the field of used car battery recycling and battery waste recycling. In March, MIRACLE AUTOMATION and JDT signed the "Framework Cooperation Agreement" to create a lithium battery recycling ecosystem.

⑥ CAMEL GROUP

Company profile:

CAMEL GROUP mainly focuses on the research and development, production and sales of lead-acid batteries, and integrates new energy industries such as energy storage products, renewable resource recovery and recycling. It is the largest low-voltage battery manufacturer in Asia. CAMEL GROUP is committed to becoming the world's leading energy service provider, while optimizing the production capacity layout of lead-acid batteries in China and building a closed-loop lithium battery recycling industry chain.

Main products and business:

New energy series: lithium battery - ternary battery, start-stop battery, iron-lithium battery, electric coffee and commercial vehicle battery system; Lead recycling business; Lead recycling business: recycling of used lead-acid batteries.

Latest news and related layout:

CAMEL GROUP stated on June 30 that the company is promoting the construction of the "100,000-ton waste lithium battery recycling project (Phase I)", and the "integrated purchase and sales" industrial chain layout of lithium batteries. At now, it has completed the construction of the power battery recycling pilot production line, and has carried out the development of new product systems, including: the development of iron phosphate products, the pilot test of 8 series and 9 series precursor products, etc. CAMEL GROUP will complete the construction of the power lithium battery recycling plant as soon as possible, and finally form a lithium battery recycling industry chain in China, and strive to provide new momentum for the company's performance growth.

⑦ CNGR

Company profile:

CNGR is a professional comprehensive service provider of new energy materials for lithium batteries, which belongs to the field of new materials and new energy. CNGR focuses on the research and development of new energy materials, with a full range of high-nickel and low-cobalt ternary precursors, high-voltage cobalt tetroxide, comprehensive recycling, raw material smelting, and material manufacturing equipment as the main research and development directions. Meanwhile, it is actively laying out the technical routes of phosphorus-iron series, manganese series and sodium series to create technical service capabilities and industrial application capabilities of diversification, customization, rapid development and mass production.

Core business:

Precursor materials: a full range of ternary precursors, high-voltage cobalt tetroxide & secondary compounds and multi-component precursors.

Related layout:

In November 2021, CNGR and SungEel Hitech signed a "Strategic Cooperation Memorandum". The two parties agreed to establish a comprehensive partnership in recycling, hydrometallurgy, precursors, etc., and plan to carry out cooperation in battery recycling, dismantling and hydrometallurgy projects in Europe.

⑧ HUAYOU COBALT

Company profile:

HUAYOU COBALT is a company engaged in the research, development and manufacture of new energy lithium battery materials and new cobalt materials. After 20 years of development, HUAYOU COBALT has formed three major business segments: resources, new materials and new energy, and has created a new energy lithium battery industry from cobalt and nickel resource development and smelting, to deep processing of lithium battery cathode materials, and then to resource recycling and utilization. ecology. It is committed to becoming a global leader in new energy lithium battery materials.

Product dynamics:

Cobalt series, copper series, new cobalt materials and new materials for lithium batteries.

Recent layout:

Recently, HUAYOU COBALT has deployed battery recycling-related business in South Korea, and plans to expand to Europe in the future. On May 25, 2022, BMW and HUAYOU COBALT signed a contract on the cooperation of power battery cascade utilization and closed-loop recycling of battery materials. The two parties will create an innovative cooperation model of closed-loop recycling and cascade utilization of power battery materials, and for the first time have realized the closed-loop recycling of power battery raw materials for BMW's domestic electric vehicles and the closed-loop management of power battery raw materials.

⑨ Shanshan

Company profile:

Shanshan vigorously develops lithium battery new energy and polarizer photoelectric material industry, and new energy lithium battery material is one of Shanshan's pillar industries. After more than 20 years of continuous investment, Shanshan has established a number of production enterprises in many places in China, and has become the world's leading comprehensive supplier of lithium battery materials in the field of lithium ion battery cathodes, anodes and electrolytes. In recent years, Shanshan has entered the new energy industry chain aggressively, and is committed to becoming a leading supplier of comprehensive solutions for lithium batteries, PACKs, energy storage power stations, super capacitors, photovoltaic power stations, etc., and is committed to becoming a global leader in lithium battery materials and optoelectronic materials.

Industrial distribution

Lithium battery materials: cathode materials, anode materials, electrolytes, battery integration and energy storage business and photovoltaic power plants.

Related layout:

In October 2018, GEELY, Shanshan and ZIJING MINING jointly invested and established Evergreen. The company is mainly engaged in the recycling of waste lithium batteries, the cascade utilization and regeneration of lithium batteries, dismantling and crushing, wet process and precursor technology, and lithium battery ternary precursors. R&D, production, sales and import and export business of the company. In 2016, Shanshan, Harbin Kaitai and SU CHUANG jointly invested and established Shanshan Kaili, whose main business includes battery recycling, remanufacturing of cascade utilization and recycling of scrapped batteries.

⑩ CHAOYUE

Company profile:

Different from other companies in Top 10 power battery recycling companies, CHAOYUE is a comprehensive environmental protection company specializing in the disposal of industrial hazardous waste, medical waste, dismantling of waste electrical and electronic products, comprehensive utilization of resources and research and development of energy-saving and environmental protection technologies.

Environmental services:

Industrial hazardous waste disposal, hazardous waste solidification landfill, electronic waste disposal, medical waste disposal, waste resource utilization, environmental emergency services and environmental restoration services.

Related layout:

On September 16, 2021, CHAOYUE announced that it plans to invest in a 60,000-ton/year recycling project of used lithium batteries in Shahe Town Industrial Park, Nanqiao District, Chuzhou City, Anhui Province, with an estimated total investment of 400 million RMB. In addition, CHAOYUE plans to invest in the construction of an annual recycling, dismantling and comprehensive utilization project of 88,000 scrapped motor vehicles, 12,000 scrapped electric vehicles and 200,000 scrapped motorcycles/electric bicycles in Shahe Town Industrial Park, Nanqiao District, Chuzhou City, Anhui Province, the project is expected to have a total investment of 590 million RMB. The waste lithium battery and pole piece waste resource recycling project covers an area of 70 mu. After the project is completed, it will form a recycling capacity of 60,000 tons/year of waste power.

Related article：Top 10 power battery companies, Top 10 lithium battery companies