This Week In Electric Vehicles - EV Battery Recycling Market Poised for Explosive Growth

The global electric vehicle (EV) battery recycling market is anticipated to experience significant growth, projected to expand from USD 0.54 billion in 2024 to USD 23.72 billion by 2035, driven by a substantial compound annual growth rate of 40.9%. This growth trajectory is fueled by advanced recycling technologies such as hydrometallurgy and direct recycling, which are improving material recovery efficiency crucial for battery production. Strategic partnerships among automakers, battery producers, and recyclers, evidenced by collaborations between companies like Iveco and Mercedes-Benz, are enhancing market development. Additionally, Germany is emerging as a key player in Europe, supported by strong automotive alliances and eco-friendly policies. Key industry players include Contemporary Amperex Technology, GEM Co., and Umicore, among others, who are leading advancements in recycling processes for materials like nickel, cobalt, and copper.

• Contemporary Amperex Technology (SZSE:300750) last closed at CN¥248.27 up 1.5%.
• Mercedes-Benz Group (XTRA:MBG) last closed at €50.87 down 5.8%.

In other trading, Gotion High-techLtd (SZSE:002074) was a notable mover up 9.2% and closing at CN¥23.25. Two days ago, Gotion held its 2024 earnings call. In the meantime, Mercedes-Benz Group (XTRA:MBG) trailed, down 5.8% to end the day at €50.87.

Mercedes-Benz's aggressive electric vehicle strategy could attract substantial investor interest by 2028, with potential market undervaluation now. Discover more on how this strategic pivot could shape future valuations.

Be sure to revisit our Market Insights article, "Automakers Caught In The Tariff Crossfire," where we urgently unpack the transformative challenges and opportunities within the electric vehicle sector amidst tariff-induced volatility.

Best EV Stocks

• Tesla (NasdaqGS:TSLA) finished trading at $284.82 up 3.1%.
• BYD (SEHK:1211) finished trading at HK$387.00 up 0.3%.
• Ford Motor (NYSE:F) ended the day unchanged at, $10.28.

Next Steps

• Click here to access our complete index of 51 EV Stocks, which features BorgWarner, Sumitomo Electric Industries and Suzhou Dongshan Precision Manufacturing.
• Ready To Venture Into Other Investment Styles? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "EV Battery Recycling Industry Research 2024-2035: Market to Grow at a CAGR of 40.9% with Contemporary Amperex Technology, GEM, Umicore, Glencore, and Fortum Dominating" from Research and Markets on GlobeNewswire (published 07 May 2025)

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