The recycling process for batteries includes the breakdown, cleaning, maintenance and remanufacturing of discarded batteries. The performance of the recycled battery will be monitored to control the quality of the final products.
Central said in a statement on September 16 that the company teamed up with MinTech, a domestic battery diagnostic company, and Eccov, a micro-mobility service platform company, to develop a recycled battery pack prototype for electric micro-mobility cars. Micro-mobility refers to a mobility service involving lightweight vehicles that usually run at speeds below 25 kilometers per hour (15 miles per hour).
"Through this agreement, we will accumulate and utilize technologies related to recycled battery packs and develop a range of applied product technologies such as energy storage systems linked to solar-powered generators," an unnamed Central official was quoted as saying. The company said it will also cooperate with local governments to demonstrate the recycled product prototype.
According to Industry Research, a global market research firm, the global market for recycled batteries is growing at an average annual growth rate of about 38 percent to reach $17.6 billion in 2027.
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