The First Batch of Power Battery Retirement Peak May Be Coming, and the 10 Billion Market Space Need

On July 27, the Ministry of industry and information technology solicited opinions on the list of enterprises (the first batch) in the industry standard conditions for comprehensive utilization of waste power batteries of new energy vehicles. There are 5 enterprises in the first batch of list, including Guangzhou Guanghua Technology Co., Ltd., Quzhou Huayou cobalt New Material Co., Ltd., Ganzhou haopeng Technology Co., Ltd., Jingmen greenmei New Material Co., Ltd. and Hunan Bangpu Recycling Technology Co., Ltd.

The first batch of power battery retirement peak may be coming, and the 10 billion market space needs to be released.

On March 9, 2018, Miao Wei, Minister of industry and information technology, said in an exclusive interview with CCTV news "voice of Ministers": the proportion of new energy vehicles should reach 8% in 2019 and 10% in 2020. On July 3, the State Council issued the three-year action plan for winning the blue sky defense war, proposing to promote the use of new energy vehicles, and the production and sales of new energy vehicles will reach about 2 million by 2020.

Assuming that the output of new energy vehicles in 2019 / 2020 accounts for 8% / 10% of the total output of vehicles, it can be calculated that the output growth rate of new energy vehicles in 2018 / 2019 / 2020 will be 90% / 66% / 30%, and the output of new energy vehicles will be 3.264 million by 2020.

Assuming that the output of new energy vehicles in 2020 is 2 million, it can be calculated that the output growth rate in 2018 / 2019 / 2020 is 52% / 30% / 27%. Therefore, the new energy vehicle industry will still be in the stage of rapid development in the next 3 5 years. The huge power battery market is accompanied by the industry opportunity of lithium battery recycling. Battery recycling can not only reduce environmental pollution, but also produce certain economic benefits and avoid resource waste. The power battery is generally guaranteed for 8 years, but due to the limited manufacturing level of the early power battery, the battery will be replaced in the actual 8-year use process, and the actual service life of the battery varies from 3 to 8 years. It is estimated that the recycling market of power batteries in China will be about 10.1/16.5 billion yuan in 2019 / 2020.

As the first batch of enterprises that meet the conditions for comprehensive utilization of power batteries, the company takes the lead. It is located in Guangdong, a big province of new energy vehicles and enjoys favorable geographical conditions, which will fully benefit.

On February 26, 2018, seven ministries and commissions jointly issued the Interim Measures for the management of power battery recycling of new energy vehicles, which will be implemented as of August 1, 2018. In the interim measures, recycling enterprises are divided into comprehensive utilization enterprises, echelon utilization enterprises and recycling enterprises. Among them, the echelon Utilization Enterprises recycle the waste power batteries generated in the production, testing and use of echelon utilization battery products, store them centrally and hand them over to the recycling enterprises. Recycling enterprises disassemble and carry out recycling according to the disassembly technical information provided by automobile manufacturers. Comprehensive utilization enterprises should meet the scale, equipment and process requirements of the industrial standard conditions for comprehensive utilization of waste power batteries of new energy vehicles, and can carry out echelon utilization and recycling. The first batch of qualified comprehensive utilization enterprises in China announced this time are five. The comprehensive utilization enterprises have a wider business scope and are scarce, which is conducive to the company to seize the first opportunity in the field of power battery recycling.

At the same time, Guangdong is the most important production base and consumer market of new energy vehicles in China. In terms of sales of new energy vehicles, last year, the national output of new energy vehicles was about 800000, with sales of 777000; According to the existing data, more than 1 / 8 of new energy vehicles are sold in Guangdong. In terms of the number of new energy vehicle enterprises, as of the third quarter of 2017, 141 new energy concept enterprises were listed in China and 37 in Guangdong, ranking first. Guangdong Province has a relatively complete new energy vehicle industry chain and is also the national sales base of new energy vehicles. As the only comprehensive utilization enterprise in Guangdong Province, the company enjoys favorable geographical conditions and can be expected in the future.

The new power battery recycling capacity has been put into operation, opening up the industrial closed loop of "battery disassembly and recycling - resource regeneration - cathode material", and the subsequent performance can be expected.

Sign a strategic cooperation agreement with China Tower, and the cooperation can be expected.

On January 29, 2018, Guanghua signed a strategic cooperation agreement with Guangdong Economic and Information Technology Commission, China iron tower Guangdong branch and Guangdong Association for circular economy and comprehensive utilization of resources to actively explore the management mechanism and relevant technical specifications and standards for the cyclic echelon utilization and subsequent harmless treatment of power batteries of retired new energy vehicles. Guanghua signed a strategic cooperation agreement with the tower, which is expected to win-win cooperation and take the lead in the power battery recycling market, especially the echelon utilization market.

With the advantages of chemical technology, the recovery rate of lithium is higher than the industry average.

Guanghua technology is the leader in the production of PCB electronic chemicals. The production process of special chemicals mainly includes separation and purification, chemical synthesis and compounding from natural substances or industrial chemical raw materials, which has high requirements for production technology and process control. The core technology of battery recovery is the company's original technology: separation, purification and impurity removal. Therefore, Guanghua has certain advantages in power battery metal recovery, especially the recovery and extraction of lithium element, which can be 60-70% higher than that of ordinary peers.

The new power battery recycling capacity has been put into operation and can be expected in the future.

In October 2017, Guanghua technology built a 150 ton / month battery recycling demonstration line in Shantou, which is in good operation; In 2018, the recovery capacity of power battery has been expanded to 1000 tons / month. The company arranged the power battery recycling business in advance. With the rise of the power battery recycling market, the performance is expected to usher in explosive growth. At the same time, the precious metals and other materials obtained by the company through battery recycling can be used as raw materials for the production of cathode materials, open the industrial closed loop of "battery disassembly and recycling - resource regeneration - cathode materials", and give full play to the synergy of the industrial chain.

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