General Motors (GM) has officially entered into a partnership with a Canadian battery recycler, Lithion Battery.
Reporting from Techcrunch, Sunday (9/25/2022) this joint partnership is carried out to reprocess batteries that have been used to overcome the supply crisis and reduce the cost of producing new batteries.
Recently, Nevada, USA-based battery recycler Redwood Materials has also entered into partnerships with Ford, Volkswagen and Volvo, as well as agreements with Toyota, to collect, renew and recycle battery materials which will then be sent to the North battery factory. Carolina.
Redwood Materials expects the market for battery recycling to reach 18.7 billion US dollars by the end of this decade.
“The partnership with Lithion will help GM build a supply chain and recycling strategy that we can grow with,” said Jeff Morrison, GM’s vice president of global purchasing and supply chain.
āWith Lithion technology, we saw an opportunity to recover and reuse raw materials in our Ultium battery packs, making the EVs we manufacture more sustainable and helping lower costs.ā
Lithion plans to launch its first commercial operations in 2023, with a capacity of 7,500 metric tons of lithium-ion batteries per year. Meanwhile, the launch of Lithion’s first hydrometallurgical plant is scheduled for 2025.
Volkswagen, Redwood Materials to collaborate on recycle EV batteries in US
