On July 4, several explosions occurred at a battery factory in Madrid, Spain, which ignited a fire. The fire was not extinguished until July 6. The cause of the explosion was not clear. The explosion
occurred at a lithium battery recycling plant about 50 kilometers from Madrid.
In recent years, the safety of lithium battery recycling has attracted the attention of relevant departments, and relevant departments have issued a number of management documents specifically regulating the recycling of automotive batteries, which involve battery scrap channels, sources, disposal, disassembly, logistics, use and other links.
At present, the industrial chain of lithium battery recycling can be divided into two links: cascade utilization and scrap recycling. By 2030, the amount of retired batteries will reach 437 GWh, and the recycling market value will reach 169.5 billion yuan.