思略特：2023欧盟电池回收市场分析报告（英文版）（28页）.pdf

1、EU recycling market studyJoint study between Strategy&and PEM of RWTH Aachen UniversityAugust 2023EU recycling marketThe EU recycling market a viable and sustainable businessStrategy&|PEM of RWTH Aachen UniversityAugust 2023Battery recycling gained huge momentum in the last year,with multiple stakeh

2、olders announcing various initiativesRecent battery recycling press clippingsEU recycling market study2Strategy&|PEM of RWTH Aachen UniversityAugust 2023The EU battery recycling market will evolve into a sustainable business,extending the EU value chainManagement summaryRegulatory driversFollowing A

3、sian regulation,the EU revised its regulatory environment in 2023 among other things,requiring a recycling efficiency of 70%from 2031 onwardsRecycling technologyWith a clear technological pathway and established supply chains,costs are expected to scale down by up to 50%for hubs operating at 40 kt a

4、nd spokes at 10 kt2030 EU recycling market outlookBy 2030,we expect more than 2 bn in investments into the EU recycling market.Handling further market growth trough to 2035 requires additional investments of 7 bnImplications and recommendationsRecycling will become a viable and sustainable business

5、beyond regulatory pressure with projected 8 bn in revenue and potential reduction in battery cost(e.g.,24/kWh cathode active material)12345EU recycling market study3Battery marketHigh electrification rates and the ramp-up of EU cell production to 900 GWh in 2030 will drive the EU recycling market up

6、 to 6,000 kt end-of-life batteries in 2040August 2023Strategy&August 2023High electrification rates and the ramp-up of EU cell production will drive the EU recycling market1Battery marketStrategy&|PEM of RWTH Aachen UniversityEU recycling market study4Gigafactory ramp-up in EuropeFollowing the EU el