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Electric vehicle used batteries Industry
In 2021, China is the world’s biggest market for EVs and nearly 94% of the discarded weight of lithium-ion batteries used in vehicles. The grow of guiding EV pure electric vehicles and PHV plug-in gasoline electric vehicles along with Chinese government policies from around 2015.
Lithium-Ion Batteries are Now the Mainstream Grid-level Energy Storage System
Although lithium-ion batteries are currently the mainstream grid-level energy storage system, they are not suitable for long-term storage and transfer of large amounts of electricity, and are primarily used for auxiliary services such as grid frequency adjustment or emergency power dispatch.