The Zhitong Finance App learned that with the accelerated implementation of the power battery digital ID management system, the power battery recycling industry is expected to enter a new stage of standardization and digital development. “People's Daily Overseas Edition” reported on October 20 that China has begun to establish a digital ID management system for power batteries. Through unified coding and full life cycle information tracking, power batteries can be “traced back in origin and whereabouts”. By 2030, the comprehensive utilization of waste power batteries will strive to reach more than one million tons.

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