Nissan Max-Out Convertible Concept Unveiled At Nissan Futures Event

More

Mercedes-Benz GLE Gets New PHEV Powertrain, Fresh Look

More

2024 Mazda CX-90 Plug-in Hybrid SUV Unveiled

More

Audi Activesphere Concept is luxury crossover that turns into a pickup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

VinES and Li-Cycle Launch Global Battery Recycling Partnership

Li-Cycle, a Toronto-based lithium-ion battery resource recovery and lithium-ion battery recycling company, and a battery and cell pack manufacturer and a member company of Vingroup company, announced the launch of a global recycling partnership.

Under the new partnership, the companies are exploring global recycling solutions for VinES and VinFast, a global electric vehicle manufacturer that is also part of Vingroup. The new partnership is expected to support VinES and VinFast in their creation of a closed-loop battery supply chain to enhance their environmental goals and contribute to the global electrified revolution with green mobility solutions. It will also establish mutually beneficial global connections with all parties and strengthen Li-Cycle’s broad and diverse relationships with leading battery and electric vehicle manufacturers.

“We are thrilled to partner with Li-Cycle for recycling solutions for VinES and VinFast. We always aim to bring sustainable solutions and minimize the impacts of our business and operations on the environment for a greener future. The partnership with Li-Cycle is one important part of our ESG strategy to achieve sustainable and closed-loop battery production,” said Ms. Pham Thuy Linh, CEO of VinES.

“We are excited to partner with VinES, a company that is focused on advanced battery and energy solutions,” said Ajay Kochhar, co-founder and CEO of Li-Cycle. “We believe this partnership will be a significant step in our goal to be the leading and preferred global lithium-ion battery recycling partner and a launching pad to foster and deepen our commercial relationships with VinES and VinFast. We all share a vision to advance a sustainable, efficient and closed-loop battery supply chain.”

In addition to a significant manufacturing complex in Vietnam, VinFast has announced plans to build a large EV manufacturing facility in North Carolina in March 2022. VinFast was granted an incentive package of $1.2 billion from the State of North Carolina and expects to invest $2 billion to build the project’s first phase, which is designed to have capacity of producing 150,000 vehicles per year. VinES expects to continue to expand its current battery manufacturing capabilities in Vietnam and is exploring expansion into international markets.

Li-Cycle’s patented and sustainable lithium-ion battery recycling technologies, including its Spoke & Hub Technologies™, are an excellent fit in both scale and scope for VinES and VinFast’s current and planned manufacturing capabilities.

Li-Cycle’s Spoke & Hub network growth strategy continues to be underpinned and supported by accelerating commercial demand. The Company currently has four operational Spoke recycling facilities in North America with a total processing capacity of 30,000 tonnes per year, or the equivalent of batteries from approximately 60,000 EVs. Based on Li-Cycle’s current project pipeline, the Company expects to have a total of 65,000 tonnes per year of lithium-ion battery material processing capacity in North America and Europe as Li-Cycle continues to scale its Spoke & Hub network to support the recycling needs of a growing customer base.

Li-Cycle is also developing its first commercial Hub facility in Rochester, NY, which is expected to commence commissioning in calendar 2023 and designed to process battery materials equivalent to approximately 225,000 EVs. The Rochester Hub is expected to be the first commercial hydrometallurgical battery resource recovery facility and the first source of recycled battery-grade lithium carbonate production in North America.

Nov 7, 2022Blagojce Krivevski
Cumulative 2022 EV Sales in California in Q3 Surpass Total EV Sales in 2021Wiener Linien Orders 60 Mercedes-Benz eCitaro all-electric city buses
You Might Also Like
 
Toyota to Collaborate with Redwood Materials on a Sustainable, Closed-Loop Electrified Vehicle Battery Ecosystem
 
CATL and BASF partner to accelerate the achievement of global carbon neutrality goals
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

November 7, 2022 Electric Car Newsbattery recycling, EV Battery Recycling, Ly-Cycle, recycling, VinES, VinFast
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Volkswagen launches ID.4 campaign in collaboration with Marvel Studios’ Ant-Man and The Wasp: Quantumania
February 3, 2023
Honda to launch next-generation fuel cell system by mid-2020s
February 2, 2023
Renault Megane E-Tech 100% electric enhanced with new flagship Iconic specification
February 2, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Volkswagen launches ID.4 campaign in collaboration with Marvel Studios’ Ant-Man and The Wasp: Quantumania
February 3, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.