DA Technology Launches New Electric Vehicle Battery Recycling Business... "Aiming for a 20 Trillion Won Market by 2030"

[Asia Economy Reporter Jang Hyowon] DA Technology, a company specializing in secondary battery equipment, announced on the 21st that it is promoting a new business related to the recycling of electric vehicle (EV) waste batteries.

With the government's Green New Deal project implementing a target of "3 million cumulative electric vehicles by 2025," the recycling market using waste batteries has recently been recognized as a blue ocean. According to the Korea Energy Economics Institute, the amount of domestic EV waste battery disposal is expected to increase more than 100 times from 104 tons this year to 18,758 tons by 2029. The industry expects the global waste battery recycling market size to expand from about 1.65 trillion KRW in 2019 to 20 trillion KRW by 2030.

The waste battery market is mainly divided into reuse and recycling markets, and the recycling market consists of battery disassembly and raw material extraction businesses. DA Technology is developing automated system technology that automatically disassembles and separates waste battery packs and modules. The company plans to enter the market through joint technology development and demonstration research with recycling centers in the future.

A DA Technology official said, "We are seeking to enter a new business field of automated system technology that automatically disassembles and separates packs and modules in the EV waste battery recycling process," adding, "We are currently developing technology through a consortium with local governments and will complete it soon to quickly introduce it to the market."

In addition to this new business, DA Technology is focusing on the manufacturing and sales of notching and folding equipment among secondary battery equipment as its main business. Recently, it has raised funds to strengthen its secondary battery business capabilities. The high-speed laser notching equipment developed last year, a core part of secondary battery production, attracted attention by converting from the existing press-type mold to laser, increasing the existing production speed by about 1.5 times and improving efficiency.

This content was produced with the assistance of AI translation services.