China leads in battery recycling, creating a circular economy

China is leading the U.S. and Europe on EV battery recycling, according to a new Bloomberg report, and it may add to China's EV advantages in the future.

The battery-recycling business in China is booming, according to the report, which cites data from consultancy Circular Energy Storage showing that "the nation dominates when it comes to preprocessing and materials recovery." And Circular Energy Storage expects China to have nearly four times as many batteries to recycle by 2030 than it did in 2021.

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