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According to foreign media reports, Dr. Na Jiao, technical analyst of IDTechEx, a market research company, pointed out that after the retirement of electric vehicle power batteries, their potential for secondary use is huge. In the future, second-hand batteries can be commonly used in static and mobile energy storage equipment.

The battery is the most expensive electric vehicle component. When the battery is retired, its capacity retention rate is still as high as 70% - 80% of the initial value. However, the recycling cost of retired batteries will also consume a lot of energy and even environmental pollution.

Nowadays, more and more companies are targeting second-hand batteries, hoping to use them for static energy storage equipment through recycling. Nissan, Renault, BMW and BYD have all invested in a number of projects and commercial initiatives aimed at giving this type of battery a second life.

IDTechEx made a forecast in its report, talking about the number of second-hand batteries in the next ten years, comprehensively analyzing their potential uses, the current implementation of the industry (recycling of second-hand power batteries), management regulations, core technologies, business models and value chains.

It is estimated that by 2029, second-hand electric vehicle batteries can be used to produce 100GWh energy storage equipment every year. In fact, there is no difference between such second-hand batteries and new batteries, but the attenuation of battery capacity is different.

For this reason, the key in the future is to use the "right" battery in the "right" application. In the future, second-hand batteries can be commonly used in static and mobile energy storage equipment.

In addition, the Chinese government is formulating relevant regulations on low-speed four-wheel vehicles. It is estimated that by 2020, the sales volume of second-hand batteries will reach 3 million. Second hand batteries or alternative powertrain for short distance and low-speed vehicles are intended to replace the lead-acid batteries currently used.

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