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The scene exemplifies a massive business opportunity unfolding across China, as the world's largest electric vehicle market is set to turn battery waste from a pollution challenge into a key asset in its green revolution. Staff members work at a battery production facility in Changchun, capital of northeast China's Jilin Province, Feb. 2, 2023. (Xinhua/Xu Chang) In the northern Chinese industrial city of Tianjin, a bustling workshop is bringing discarded electric vehicle batteries back to life through the combined. In 2016, Taiyuan became the first Chinese city to begin converting its entire taxi fleet to electric vehicles. Now, it is leading the way again by scrapping them and, in the process, planting the seeds for what may be the world’s next big green industry. Details about the scrappage program for the. As China’s green transformation speeds up, the waste from electric vehicle (EV) batteries and solar panels is quickly turning into a profitable business, according to a report by the South China Morning Post. Chinese companies are seeing a rising demand for recycling machines that extract valuable. The China Resources Recycling Group, created by the State Council last year, is seeking to bring together businesses with the expertise and infrastructure to recycle offline e-waste in large quantities for its lithium, cobalt, copper, gold, aluminum, and nickel. According to the national. China's electric vehicle industry has grown from producing 13,000 units in 2012 to 1.2 million in 2024, capturing 76 per cent of the global market. But as batteries reach end-of-life, the country faces major recycling challenges. While China's market scale and regulatory potential offer advantages. China is rapidly transforming its waste into wealth as the country embraces a circular economy worth an estimated $38 billion annually. This innovative approach focuses on recycling spent electric vehicle (EV) batteries and solar cells, turning what was once considered waste into valuable.