“…At the same time, the penetration rate of new energy vehicle production and sales (the ratio of new energy vehicle production and sales to total vehicles) increased from 0.08% and 0.10% in 2013 to 4.83% and 4.68% in 2019, with compound annual growth rates of 98.07 and 89.83%, respectively. Power battery is the core component of new energy electric vehicles, and its average life is about 8 years 6 , 7 , which means that new energy electric vehicles, which have been produced on a large scale since 2014 and have exploded in growth, will usher in the "end-of-life wave" of power batteries in recent years 8 , and the domestic power battery retirement volume is expected to reach 708,000 in 2030 9 . In this context, power battery recycling recovery has become an important part of the sustainable development of the new energy vehicle industry 10 .…”