On March 26, 2025, the State Grid Corporation announced the launch of a comprehensive plan to enhance the circular economy of energy resources. This initiative aims to promote sustainable energy development and improve the efficiency of energy consumption in the country.
According to the Ministry of Industry and Information Technology, the “Eight-Year Plan” for electric vehicles is set to take effect soon. This plan mandates that electric vehicle manufacturers must provide quality guarantees for at least 8 years or 120,000 kilometers. Currently, the lifespan of electric vehicle batteries is projected to last between 6 to 8 years, facing challenges such as performance degradation, capacity decline, and thermal runaway incidents.
The State Grid Corporation has highlighted that battery recycling is crucial to achieving a sustainable energy future. By 2025, the company aims to enhance the recycling rate of lithium-ion batteries, expecting to reach over 82 million units. Furthermore, starting from 2028, the annual recycling volume is projected to exceed 400 million units, with the market for battery recycling expected to surpass 2.8 trillion yuan.
In light of these developments, the State Grid Corporation is also implementing measures to optimize energy resource allocation and improve the efficiency of electric vehicle battery usage. The focus will be on creating a robust circular economy that efficiently integrates renewable energy sources.
On March 18, 2025, a significant memorandum of understanding was signed between the State Grid Corporation and several key players in the energy sector. This agreement aims to establish a collaborative framework that supports the transition to a more sustainable energy model.
The circular economy of energy resources is not merely about recycling; it also encompasses the entire lifecycle of energy consumption, from production to usage and recycling. The State Grid Corporation is committed to leading this transition, ensuring that all electric vehicle batteries are efficiently recycled and reused.
In addition to these initiatives, the State Grid Corporation is set to construct 1,000 new charging stations by 2025, facilitating the growth and integration of electric vehicles into the national energy grid.
As part of their strategy, the State Grid Corporation aims to engage with various stakeholders to enhance the circular economy, promoting electric vehicles, renewable energy, and energy-efficient technologies.
The intent is to create a sustainable environment that addresses the challenges posed by climate change while enhancing energy security and resource efficiency.
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