Latest News In Electric Vehicles - Battery Recycling Booms Amid Scarcity And Sustainable Demands

The battery recycling market, integral to the electric vehicles (EV) industry, is projected to grow significantly from $12.8 billion in 2025 to $19.8 billion by 2030, according to a BCC Research report. This growth is driven by a combination of factors, including scarcity of rare earth elements, increasing demand for consumer electronics and EVs, and falling lithium-ion battery prices. Enhanced recycling efforts are necessitated by the global push for stricter emissions regulations and sustainable energy solutions. The recycling process, driven by technological advances and shifts in global EV battery production, particularly in China, highlights the importance of recovering critical materials like lithium, cobalt, and nickel, thereby reducing reliance on mining these scarce resources.

In other market news, Fulin Precision (SZSE:300432) was trading firmly up 20% and closing at CN¥22.22, a new 52-week high. At the same time, Huagong Tech (SZSE:000988) lagged, down 6.7% to finish the session at CN¥92.48.

Tesla's strategic pivot towards lucrative software revenues and AI advancements offers significant near-term growth opportunities. Discover more about Tesla's evolving market strategies by exploring our detailed narrative on the company.

Don't miss our Market Insights article on the strategic importance of rare earth minerals in the EV sector, where supply chains are a crucial lever in the geopolitical landscape.

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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
• "Battery Recycling Market to Reach $19.8 Billion Globally by 2030" from BCC Research LLC on GlobeNewswire (published 03 October 2025)

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