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 recycling capacity.

On May 21, Guangzhou Penghui Zhi Energy Technology Co., Ltd. was established, with a business scope including energy storage technology services, motor vehicle charging sales, NEV battery swapping facility sales, and EV charging infrastructure operations.

According to news from the Haidong Industrial Park, on April 20, the key project introduced by the Haidong Industrial Park in Qinghai Province — the sodium-ion battery and energy storage equipment manufacturing project of Qinghai Zhaorui New Energy Technology Co., Ltd. — officially broke ground.

South Korea’s Ministry of Land, Infrastructure and Transport announced that it will pre-announce amendments to the Enforcement Decree and related regulations of the Automobile Management Act to enhance safety management of batteries used in electric vehicles. The revisions include expanded information disclosure and stricter criteria for certification revocation. Under the new rules, consumers will be able to access more detailed information when purchasing EVs, including the battery’s country of origin, manufacturer, and production date.

On November 14 2025, Malaysia launched the region’s first electric vehicle (EV) battery passport standard, MS 2018 Similar to initiatives under the European DDP for battery industry, MS 2818 will serve as a digital record of the EV battery lifecycle, from production to disposal. It is intended to support transparency, sustainability, and traceability across the entire EV supply chain.

On March 20 in Beijing, the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology organized relevant enterprises, including China Resources Recycling Group and Guangdong Brunp Recycling Technology Co., Ltd., as well as research institutions such as the China Automotive Technology and Research Center and the CCID Research Institute, to discuss work related to building a recycling and utilization system for retired power batteries from NEVs. The meeting conducted an in-depth analysis of the current situation facing the development of the NEV power battery recycling and utilization system, and held serious discussions on issues including innovating policy supply, improving recycling mechanisms, and refining the standards system. The participating representatives unanimously stated that they would integrate local and enterprise practices, build consensus and synergy, carry out in-depth research on major issues in the development of an integrated recycling network, strengthen policy reserves, and accelerate the improvement of the NEV power battery recycling and utilization system.

Hyundai Motor Group announced on the 12th that it has signed a memorandum of understanding (MOU) with Huayou Recycling. The agreement focuses on building an EV battery circular economy ecosystem in Indonesia.

According to Xinhua News Agency, as the US-Iran conflict escalated, the Islamic Revolutionary Guard Corps of Iran announced the closure of the Strait of Hormuz on the evening of February 28.

SK Rent-a-Car announced on the 30th that it has signed a memorandum of understanding (MOU) with PM Grow, a company specializing in electric vehicle battery services, to collaborate on data-driven battery safety and performance diagnostics for EVs.

[MIIT: China's Comprehensive Utilization of Retired NEV Power Batteries in 2025 Increased by 32.9% YoY] The Ministry of Industry and Information Technology held a press conference today to introduce the relevant details of the "Interim Measures for the Management of Recycling and Comprehensive Utilization of Retired New Energy Vehicle Power Batteries." Wang Peng, Director of the Department of Energy Conservation and Comprehensive Utilization at the MIIT, stated that in 2025, China's comprehensive utilization of retired NEV power batteries exceeded 400,000 mt, up 32.9% YoY, with key enterprises achieving internationally advanced levels in the recovery rates of metals such as lithium, cobalt, and nickel.