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Formal-flow recycling route mix (2027 modelled)

NMC hydromet ~38%

As of2027 modelled·Sources3·Supporting

Modelled 2027 route mix for formal-flow Thai EOL EV batteries: NMC hydrometallurgical ~38%, LFP direct-recycling and cathode regeneration ~22%, second-life ESS ~20%, refurbishment for low-speed mobility ~12%, mechanical-only export ~8%.

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Figure in context

Modelled 2027 route mix for formal-flow Thai EOL EV batteries: NMC hydrometallurgical ~38%, LFP direct-recycling and cathode regeneration ~22%, second-life ESS ~20%, refurbishment for low-speed mobility ~12%, mechanical-only export ~8%.

Modelled 2027 route mix for formal-flow Thai EOL EV batteries: NMC hydrometallurgical ~38%, LFP direct-recycling and cathode regeneration ~22%, second-life ESS ~20%, refurbishment for low-speed mobility ~12%, mechanical-only export ~8%.

Time scope

2027 modelled

Source basis

Supporting source

Interpretation notes

What this tells you

Modelled 2027 route mix for formal-flow Thai EOL EV batteries: NMC hydrometallurgical ~38%, LFP direct-recycling and cathode regeneration ~22%, second-life ESS ~20%, refurbishment for low-speed mobility ~12%, mechanical-only export ~8%.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

2027 modelled
~THB 8-14B

Thai EV battery recycling and second-life market (2027 modelled)

PwC ASEAN Circular Batteries 2025, IEA Global EV Outlook 2025, Insight Research bottom-up

End-2026 estimate
~200,000+

Thai BEV cumulative registrations (2026 estimate)

DLT BEV new-registration series, IEA Global EV Outlook 2025

Cumulative 2027-2030
~25-40 GWh

Cumulative Thai EV battery installed base entering scrap pipeline 2027-2030

Insight Research bottom-up from DLT, IEA, manufacturer pack-size data

2025-2027 ramp
~10 GWh

BYD Rayong gigafactory planned cell-to-pack throughput

BYD Auto Thailand press, BOI EV3.5 disclosures

Phase 1 live, scaling to 2027
1 GWh, scaling 4 GWh

EA Amita Technology Chachoengsao battery plant capacity

Energy Absolute SET 56-1, Amita Technology disclosures

Active 2025-2030
8-year tax holiday

BOI Section 8 incentive coverage for EOL battery processors

Thailand Board of Investment Section 8 schedule

Report context

Thailand EV Battery Recycling & Second-Life 2027 Market Intelligence

Thailand's 30:30 EV policy has front-loaded BEV registrations from ~9,700 in 2022 to ~120,000 in 2024 and an estimated ~200,000+ in 2026, creating an end-of-life battery cliff that arrives 2028-2030. Cumulative EV battery installed base entering the scrap pipeline 2027-2030 reaches roughly 25-40 GWh, a structural step-change from the THB 1-2B (2024) salvage market. 2027 catalysts: BYD Rayong gigafactory plus Foxconn-PTT Horizon Plus plus EA Amita Technology requiring local cell-to-pack reverse logistics, BOI Section 8 promotion for EOL processors, the Pollution Control Department Battery EPR Order, the Ministry of Industry Vehicle End-of-Life Bill, and Korean (SungEel) and Chinese (GEM) joint-venture scoping. Report maps the route mix (NMC hydromet, LFP direct, second-life ESS, refurbishment), operator concentration, regulation, unit economics, and 2031 scenarios.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

B.Grimm Power

Industrial-estate SPP cogen specialist — 4GW+ across ASEAN; FY2024 revenue ~THB 60B.

EGCO Group (Electricity Generating Public Company, SET: EGCO)

Thai-listed independent power producer (SET: EGCO); 5,000+ MW equity capacity across Thailand, Philippines, Lao PDR, and Australia.

Global Power Synergy

PTT Group listed power arm — 7GW+ across Thailand, Taiwan, India, Laos; FY2024 revenue ~THB 80B.

Formal-flow recycling route mix (2027 modelled) · Insight