Who is the world's top battery recycling company?

1. Redwood Materials Nevada-based Redwood Materials aims to become the world’s top battery recycling company. It also hopes to create a circular or ‘closed loop’ supply chain by retrieving, recycling and recirculating raw materials such as cobalt, copper and nickel from end-of-life batteries.

Why is reusing and recycling batteries important?

The EU depends on non-EU countries for the raw materials in batteries, so reusing and recycling them helps the EU keep a competitive advantage on the market and helps prevent possible shortages in the supply chain. An ideal battery management and recycling system begins as soon as a battery is no longer usable.

Why is battery recycling so difficult?

However, the daily operation of batteries also contributes to such emission, which is largely disregarded by both the vendor as well as the public. Besides, recycling and recovering the degraded batteries have proved to be difficult, mostly due to logistical issues, lack of supporting policies, and low ROI.

Who is involved in battery recycling?

Battery manufacturers, vehicle companies, recycling companies, and gradient utilization companies are all involved. Their collective efforts are required to establish a comprehensive battery recycling network and value chain, facilitating the efficient recycling and remanufacturing of used batteries.

What is the research focus of NEV battery recycling?

Keyword analysis shows that the research focus has shifted from lead-acid batteries to the more advantageous lithium batteries. Supply chain research related to NEV battery recycling has also been emphasized. The closed-loop supply chain and circular economy of NEV batteries have received considerable attention in recent years.

Why are Nev batteries so expensive?

As a core component of NEVs, the cost of batteries accounts for 40 % of the cost of NEVs and can be as high as 60 % when the supply of raw materials is unstable . The raw materials for NEV batteries are expensive and depend on foreign imports, leading to instability in the supply chain .