As China tries to reach carbon neutrality before 2060, recycling will play a more important role in the industrial chain to help the country form a circular economy. The automobile recycling industry is expected to help create a market worth 100 billion yuan, along with the booming new energy vehicle (NEV) industry in China, which creates a new niche market of disposing of lithium batteries, drawing domestic and international players such as Germany-based metal recycling company Scholz Recycling GmbH.

China's goal of reaching carbon neutrality by 2060 shows the government's great commitment to the green transmission of the whole economy, and it presents tremendous opportunities for recycling companies, the company's CEO Rafael Suchan told CGTN in an interview.