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Battery Recycling

VinFast and Marubeni to Reuse EV Batteries for Stationary Energy Storage

Vietnamese electric vehicle manufacturer VinFast and Marubeni, a Japanese trading and investment conglomerate, announced a memorandum of understanding to explore opportunities in the reuse of electric vehicle batteries, with the aim of establishing a circular economy model.  Reuse without pack disassembly The companies will cooperate in the research and production of battery energy storage systems using batteries previously used in electric vehicles. VinFast will supply the batteries, while Marubeni will conduct feasibility studies, provide technical advice, and carry out the deployment of the stationary energy storage systems. The aim is to recycle the batteries from VinFast’s electric vehicles as complete battery packs. The companies hope that this will result in cost-effective and easy-to-produce BESS, as it will eliminate the need to dismantle, reprocess and repackage the battery. Source: https://www.vingroup.net/en/news/detail/2953/vinfast-and-marubeni-collaborate-to-repurpose-ev-batteries

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Battery recycling: cylib cooperates with e.GO

The German electric vehicle manufacturer e.GO and the Aachen-based battery recycling start-up cylib have announced the start of a strategic cooperation. The aim of the partnership, which was initiated at the end of 2022, is to improve the sustainability of electric vehicles by taking a holistic approach to the entire lifecycle of lithium-ion batteries. This includes the development, use and recycling of batteries. First batteries already delivered In support of this goal, e.GO has now delivered the first battery cells to cylib. With these batteries, cylib aims to improve the recycling process to enable the recovery of all raw materials contained in the battery. The companies hope that the partnership will provide valuable insights into design requirements, assembly methods and future recycling characteristics. No details were provided about the scope of the deliveries or the planned duration of the collaboration. Source: https://e-go-mobile.com/en/newsroom/180

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Circu Li-ion receives million seed funding

Circu Li-ion, a European battery recycling start-up, has announced the successful closing of a €8.5 million seed funding round. The financing includes €4.5 million in equity and is led by lead investor BonVenture. The round is backed by a group of experts in battery technology, artificial intelligence, industry, and the company’s management team. The investment is complemented by €4 million in funding from the European Innovation Council Accelerator (EICA) and partnerships with recyclers and OEMs, demonstrating their commitment to a greener future. Circu Li-ion has a vision: through the support and trust of its new strategic partners, the concept of urban mining will be strengthened through an automated upcycling platform for end-of-life batteries. Agreements with leading OEMs in the fields of electric mobility, including electric cars, scooters, and bicycles, as well as with outstanding European recyclers, ensure valuable expertise for Circu Li-ion’s further development. These partnerships emphasize the common goal of establishing a closed-loop battery value chain in Europe – especially given the forecast that the electric car market will become a trillion-dollar market by 2030. Source: Info via email

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