On July 7, the National Development and Reform Commission issued the Circular Economy Development in 14th Five-Year Plan, which points out that the activity of recycling of waste power batteries will be conducted. Efforts will be made to build up the construction of traceability management platform for power batteries of new energy vehicles, and improve the traceability management system of the recycling of power batteries of new energy vehicles. Manufacturers of new energy vehicles will be encouraged to achieve cascade utilization of waste power batteries and build standardized service outlets for power battery recycling through self-construction, co-construction, authorization, etc. The standardized cascade utilization of power batteries shall be promoted and efforts will be made to improve the technical level of surplus energy detection, residual value evaluation, reorganization and utilization, safety management, etc. The importance shall be put on the recycling of waste power batteries and the popularization and application of complete sets of advanced technology and equipment. A standard system for the recycling and reutilization of power batteries shall be improved. Backbone enterprises for comprehensive utilization of waste power batteries shall be cultivated to promote the development of recycling industry of waste power batteries.