People's Daily Japanese Edition October 20, 2025 13:39

At a press conference on the 17th, the State Administration for Market Regulation stated, "Based on estimates of battery lifespan, China is expected to soon enter a period of large-scale power battery recycling. By 2030, the domestic power battery recycling market is expected to exceed 100 billion yuan (1 yuan is approximately 21.2 yen)."

According to statistics, the domestic power battery recycling volume in 2024 exceeded 300,000 tonnes, with the corresponding market size surpassing 48 billion yuan.

Liu Hongsheng, Director of the Standards and Technical Department of the State Administration for Market Regulation, said, "Our administration is actively promoting the formulation and release of national standards across the entire industrial chain of power battery recycling in collaboration with relevant authorities such as the Ministry of Industry and Information Technology, providing strong technical support for the development of the power battery recycling industry." (Edited by JZ)

"People's Daily Japanese Edition" October 20, 2025