CATL Chairman Sees Recycled Lithium as the Future of EV-Battery Making

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CATL founder and Chairman Zeng Yuqun speaks at the World New Energy Vehicles Congress on Friday. Photo: CATL

Half of all lithium-ion batteries could be made with recycled lithium by 2042, according to the founder of power cell giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ), who presented a vision of an eco-friendlier industry at a recent event.

Speaking at the World New Energy Vehicles Congress on Friday, Zeng Yuqun, also CATL’s chairman, highlighted the critical role power cells can play in driving the EV industry toward a zero-carbon future, saying that the sustainable development of the industry hinges on the use of recycled battery raw materials.

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By 2042, recycled lithium might be used in half of all lithium-ion batteries, foresees CATL's founder.
CATL processed 100,000 tons of waste batteries in 2023, making 13,000 tons of lithium carbonate, with lithium recovery at 91%.
The EU and China are tightening regulations on battery recycling to support a circular economy, with new rules expected by year's end.

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What Happened When

2023：: CATL recycled 100,000 tons of waste batteries and used the materials to produce 13,000 tons of lithium carbonate.

December, 2023：: The Ministry of Industry and Information Technology released draft rules for public comment, identifying responsibilities for automakers and battery-makers in battery recycling.

By the end of the year 2023：: The Ministry of Industry and Information Technology is expected to formally issue the rules on battery recycling.

September 20, 2024：: The European Union announced an initiative as part of its Battery Regulation to establish a method for calculating and verifying the efficiency of battery recycling processes.

September 27, 2024：: Zeng Yuqun, CATL’s chairman, spoke at the World New Energy Vehicles Congress about the future role of recycled lithium-ion batteries.

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