[SMM Analysis] Malaysia Advances Power Battery Recycling System Construction, Battery Passport Standards and Recycling Projects Accelerate Implementation

As the NEV market develops, Malaysia is accelerating the establishment of a power battery recycling system. MARii estimates that by 2050, the country will need to recycle or dispose of 870,000 EV batteries. Currently, Malaysia has established a relevant regulatory framework and introduced the first EV battery passport standard in ASEAN (MS 2818). Meanwhile, Econili Battery New Energy has completed construction of a 24,000 mt/year power battery recycling project and plans to further expand its re