The amount of automobile recycling and dismantling is less than 50% of the amount of cancellation

The overcapacity in the automobile recycling and dismantling industry is also reflected in the fact that the amount of automobile recycling and dismantling is less than 50% of the amount of cancellation. According to data from the Ministry of Commerce and the China Material Recycling Association, there were about 18 million scrapped vehicles in my country in 2020, while the total number of scrapped vehicles through formal channels in 2020 was only 2.066 million. In 2021, the number of scrapped motor vehicles recycled reached 2.975 million, of which about 2.493 million were automobiles. In 2022, the number of scrapped motor vehicles recycled in my country will be about 3.991 million.