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Yahoo
a day ago
- Business
- Yahoo
OEMs Forge Partnerships to Create Stable Battery Supply Chains
The battery recycling market is driven by sustainability efforts, mergers, and acquisitions to enhance technological capabilities. Key players like Umicore and Li-Cycle focus on securing raw materials and forming closed-loop systems with OEMs to meet rising EV demand. Challenges include high recycling costs and complex processes. APAC leads the market share, driven by strict regulations and incentives. Battery Recycling Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Battery Recycling Market - Global Outlook & Forecast 2025-2030" report has been added to Battery Recycling Market was valued at USD 22.75 Billion in 2024, and is projected to reach USD 41.66 Billion by 2030, rising at a CAGR of 10.61%. APAC dominated the global battery recycling market share, accounting for over 57% of global revenue in 2024. APAC, dominated by China, Japan, and South Korea, remains the largest battery production hub and is rapidly expanding its recycling capacity. China, in particular, enforces strict recycling mandates and supports industry growth through subsidies and technology incentives. Government policies, such as China's "New Energy Vehicle" (NEV) regulations, require battery manufacturers to be responsible for recycling, further supporting battery recycling market growth. Australia is emerging as a key player in Lithium-ion battery recycling due to its vast mineral resources and growing EV adoption, with a focus on refining recovered materials for battery-grade reuse. In India, the Battery Waste Management Rules 2022 require producers to ensure responsible recycling and reuse. Also, companies like POSCO, Hyundai, and Panasonic are integrating battery recycling into their supply chains to meet ESG North America, stringent environmental regulations, coupled with government incentives and corporate sustainability goals, are accelerating the growth of lithium-ion battery recycling, in the US and Canada. Companies are investing in advanced hydrometallurgical and direct recycling technologies to improve material recovery efficiency. Furthermore, Europe leads in policy-driven initiatives, with the EU Battery Regulation mandating higher recycling rates and the use of recycled materials in new batteries supporting the battery recycling market growth. Strong investments in gigafactories and a circular economy approach further enhance the region's competitive advantage. Meanwhile, Latin America, and the Middle East & Africa, though still in the early stages, hold potential due to their rich raw material reserves, and investment in local recycling infrastructure could enhance supply chain security for global battery markets. Mergers & Acquisitions in the Battery Recycling MarketThe global push for sustainability and the rapid electrification of transportation have driven a surge in the battery recycling market. As industries work toward a circular economy, companies in the sector are actively pursuing mergers and acquisitions (M&A) to strengthen their technological capabilities, expand market reach, and secure access to critical raw materials like lithium, cobalt, and nickel. In December 2024, Ace Green Recycling, one of the leaders in sustainable battery recycling technology, announced a merger with Athena Technology Acquisition Corp. II, a special-purpose acquisition company. This deal, valuing Ace at $250 million, is expected to close in the first half of 2025. The merger aims to accelerate Ace's expansion plans, including the development of a flagship battery recycling plant in of Stable Supply ChainsThe increasing demand for EVs has pushed Original Equipment Manufacturers (OEMs) to create their supply chain strategies, particularly regarding the sourcing of critical minerals used in EV batteries. To ensure long-term stability and reduce reliance on volatile global markets, automotive OEMs are now forging partnerships with local recyclers. These collaborations aim to establish closed-loop supply chains where end-of-life batteries are collected, processed, and reintegrated into the production cycle. By working directly with recyclers, OEMs can secure a steady stream of essential materials such as lithium, nickel, and cobalt, which are critical for battery production. This approach mitigates risks associated with geopolitical instability, fluctuating raw material prices, and supply shortages and further strengthens the battery recycling market growth. For instance, in February 2024, Volkswagen Group UK expanded its partnership with Ecobat to recycle EV batteries, supporting a circular energy economy. Ecobat, which has worked with VWG UK since 2014, will collect and process high-voltage batteries at its new UK lithium-ion recycling center, its third globally after Germany and Arizona. Volkswagen plans to invest €180 billion ($195.57 billion) in electrification by 2027, aiming for 50 fully electric models by 2030. High Costs of RecyclingBattery recycling is essential for reducing environmental pollution, conserving valuable materials, and ensuring a sustainable energy future. However, the process comes with significant financial challenges that make it less economically viable compared to producing new batteries, thereby hampering the battery recycling market growth. The costs associated with battery recycling stem from several factors, including complex collection systems, expensive processing methods, regulatory compliance, and the evolving nature of battery technology. These factors create barriers for companies and governments trying to establish large-scale recycling instance, the cost of setting up a lithium-ion battery recycling plant in India ranges from $90,000 to $370,000, depending on factors such as machine cost, plant area, raw materials, and other operational expenses. The price of a lithium-ion battery recycling machine varies based on its processing capacity and configuration, ranging from $70,000 to $350,000. The required plant area depends on machine size and storage needs, with a 500kg/h machine requiring approximately 15m 6.5m 6m, while costs fluctuate based on local rent. India has an abundant supply of waste lithium-ion batteries, which helps reduce raw material costs, though market fluctuations should be monitored. Additional expenses such as transportation, labor, and electricity also contribute to the overall investment needed for setting up the plant. BATTERY RECYCLING MARKET VENDOR INSIGHTSThe global battery recycling market is consolidated, and dominated by a few key players that control a significant share of the industry. Major companies such as Umicore, Li-Cycle, Glencore, Redwood Materials, Stena Metall AB, and LG Energy Solutions dominate the global battery recycling market, leveraging their advanced recycling technologies and global networks. These companies have established partnerships with EV manufacturers, consumer electronics firms, and industrial battery suppliers to secure a steady stream of used batteries. Their expertise in recovering valuable metals such as lithium, cobalt, and nickel enables them to maintain cost efficiency while meeting the growing demand for raw materials in battery production. Additionally, some companies vertically integrate their operations, covering everything from battery collection to material refining, giving them a competitive edge in pricing and supply Battery Recycling Market Latest News & Product Launches In February 2024, Dubatt inaugurated the UAE's first integrated battery recycling plant in Dubai Industrial City with an AED 216 million (USD 58.81 million) investment. The facility can recycle up to 75,000 metric tons of lead-acid batteries annually, supporting sustainability and local manufacturing. In March 2024, Regenerate Technology Global, one of the leaders in advanced battery recycling, acquired Infinion SARL, a Luxembourg-based company operating two Swedish battery service firms. Infinion operates a 204,000 sq. ft. facility in Kolback, Sweden, specializing in battery recycling, car dismantling, and waste management. In October 2024, Hydrovolt launched the world's most automated battery recycling line in Fredrikstad, enhancing efficiency and safety in EV and industrial battery recycling. The facility recovers 1 GWh of residual energy annually, supporting its operations and the power grid. Key Company Profiles Call2Recycle, Inc. Glencore LG Energy Solution Li-Cycle Corp Redwood Materials Inc Stena Metall AB Umicore Other Prominent Vendors ACCUREC ACCUREC-Recycling GmbH Ace Green Recycling, Inc. Altilium American Battery Technology Company Aqua Metals, Inc Ascend Elements, Inc. Attero BASF BatX Energies Bluewater Battery Logistics Collect and Recycle Contemporary Amperex Technology Co., Limited Dubatt Battery Recycling LLC East Penn Manufacturing Company ECOBAT Element Resources DE LLC EXIDE INDUSTRIES LTD FIRST BATTERY Fortum Ganfeng Lithium Group Co., Ltd GlobalTech Environmental Gopher Resource Hydrovolt Livium Neometals Ltd Nickelhutte Aue GmbH RecycLiCo Battery Materials Inc Regenerate Technology Global, Inc. SK tes SungEel Hitech Sunlight Recycling Veolia Key Attributes: Report Attribute Details No. of Pages 335 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $22.75 Billion Forecasted Market Value (USD) by 2030 $41.66 Billion Compound Annual Growth Rate 10.6% Regions Covered Global Key Topics Covered:Market Opportunities & Trends Mergers & Acquisitions in Battery Recycling Market Growing Role of AI in Recycling Rise of Second-Life Batteries Market Growth Enablers Increasing Adoption of Electric Vehicles Government Policies Promoting Circular Economy Creation of Stable Supply Chains Decarbonization and Lower Emission Targets Market Restraints High Costs of Recycling Lack of Infrastructure Market Landscape Market Overview Increasing Demand for Heavy Electric Vehicles Demand Insights Market Size & Forecast Market Segmentation by Source Automotive Consumer Electronic Industrial Market Segmentation by Process Hydrometallurgy Pyrometallurgical Mechanical Direct Recycling Market Segmentation by Geography Battery Recycling Market in APAC China South Korea Japan Australia India Singapore Battery Recycling Market in Europe Germany The U.K. France Spain Italy Belgium Finland Sweden Norway Battery Recycling Market in North America The U.S. Canada Battery Recycling Market in Latin America Colombia Costa Rica Battery Recycling Market in the Middle East & Africa UAE Saudi Arabia South Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Battery Recycling Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Automotive
- Globe and Mail
SERES Invited to Attend ASEAN-China-GCC Economic Forum
CHONGQING, China and KUALA LUMPUR, Malaysia , May 30, 2025 /CNW/ -- On May 27 , the ASEAN-China-GCC Economic Forum officially opened in Kuala Lumpur , aiming to create development opportunities and shared prosperity by strengthening cooperation in economy, trade, investment, and other fields. SERES, as a representative of China's new energy vehicle (NEV) enterprises, was invited to attend the forum. John Zhang, Chairman and President of SERES Group stated that with the brand slogan of "Intelligence Redefining Luxury," SERES focuses on the high-end luxury vehicle market, exploring a development path for Chinese automakers. For the markets of ASEAN and GCC member countries participating in the forum, SERES will accelerate the localized development and certification of relevant models, especially the high-end AITO series, to swiftly introduce them into target markets and achieve full coverage in the future. SERES' vehicle export business began in 2005. After years of development, the company has exported over 550,000 vehicles cumulatively to more than 70 countries and regions, including Germany , France , the UK, and Italy . In 2018, SERES established and put into operation a highly automated manufacturing plant in Indonesia integrating four major processes - stamping, welding, painting, and assembly, which became the first pure electric vehicle manufacturer in Indonesia . With a foothold in Indonesia , SERES is expanding its reach across ASEAN and continuously growing its presence in the Southeast Asian market. By attending the ASEAN-China-GCC Economic Forum, SERES is expected to further strengthen exchanges and cooperation with ASEAN and GCC member countries, accelerating the materialization of its overseas market expansion. During the interview, John Zhang introduced that SERES was founded in 1986 and has undergone three entrepreneurial phases—transitioning from auto parts to complete vehicles, and now to intelligent electric vehicles—achieving leapfrog development each time. Now, AITO brand is redefining luxury with intelligence and pioneering a "New Luxury" concept combining Traditional Luxury and Technological Luxury. With leading product strength, AITO has won recognition from more than 600,000 users, establishing itself as the benchmark of "New Luxury" in China . As a technology-driven company, SERES is committed to innovations of core technologies in electrification and intelligence, having developed the SERES MF Platform, SERES Super Range Extender, SERES Intelligent Safety, and SERES Super Factory, building a robust technological moat. In the face of the opportunities and challenges brought by global economic integration, SERES will embrace a more open and inclusive mindset, working together with partners from all sectors to jointly write a new chapter in the development of China's new energy vehicle industry. About SERES Founded in 1986, SERES is a leading technology company specializing in new energy vehicles (NEVs). With a workforce of approximate 20,000 employees, SERES is publicly listed on the A-share market and ranks among the Fortune China 500. The company is dedicated to the research and development, manufacturing, sales and services of new energy vehicles and their core NEV components. The name SERES is inspired by the Greek word for "the land of silk", evoking the luxuries of heritage of the East. SERES offers two NEV brands for overseas markets: AITO and DFSK. These brands provide a diverse range of products tailored to different market segments, with AITO focusing primarily on the high-end luxury segment. To date, SERES has exported over 550,000 vehicles to more than 70 countries and regions, including Germany , France , the United Kingdom , Italy , and many more countries.
Business Recorder
2 days ago
- Automotive
- Business Recorder
China's BYD says it is against import of 5-year-old used vehicles
A Chinese automobile importer in the fast emerging new energy vehicle (NEV) market in Pakistan, BYD has opposed the government's proposal to allow the import of five-year old used cars. It believes the step would not only disrupt local manufacturers but would also hurt the environment and increase demand for more foreign exchange to import expensive petroleum oil. Speaking at a media briefing at its recently opened 'experience center' in Karachi on Thursday, BYD Vice President for Strategy and Sales Danish Khaliq said the five-year old used cars will be available at up to 60% depreciated prices in Pakistan, as the import of second-hand cars allows depression at 1% a month from its actual price. FBR may allow import of 5-year-old used vehicles This, he said, is not good for the local price sensitive market. It would not only impact the fast developing NEV market but would also shrink sales of old Japanese players in the oil-run engine segment in the country. He proposed that the government consideration to cut duty on import on CBU (imported cars) in the upcoming budget 2025-26 'should be limited to NEVs only - equating ICE (oil-run engine) with NEVs would create adverse selection for customers. ' Moreover, he said the auto sector duty reduction should be limited to those OEMs (automakers) willing to invest in Pakistan, and should dovetail into Pakistan's vision for both industrial development and sustainability of the transport sector in a growing economy. BYD partners with Mega Motor Company to deliver NEVs He added that the import of upto five-year old oil-run cars would cause environmental degradation and interrupt meeting United Nations' Sustainable Development Goals, while also hurting job creation. Pakistan is already importing upto 3-year old cars at present. BYD has recently launched two electric vehicles in Pakistan. Mega Motor, its local partner in Pakistan, is setting up an NEV manufacturing plant in Gharo, Sindh. It is expected to come online next year with an installed capacity of 25,000 cars a year, Khaliq said.
Yahoo
2 days ago
- Automotive
- Yahoo
SERES Invited to Attend ASEAN-China-GCC Economic Forum
CHONGQING, China and KUALA LUMPUR, Malaysia, May 30, 2025 /PRNewswire/ -- On May 27, the ASEAN-China-GCC Economic Forum officially opened in Kuala Lumpur, aiming to create development opportunities and shared prosperity by strengthening cooperation in economy, trade, investment, and other fields. SERES, as a representative of China's new energy vehicle (NEV) enterprises, was invited to attend the forum. John Zhang, Chairman and President of SERES Group stated that with the brand slogan of "Intelligence Redefining Luxury," SERES focuses on the high-end luxury vehicle market, exploring a development path for Chinese automakers. For the markets of ASEAN and GCC member countries participating in the forum, SERES will accelerate the localized development and certification of relevant models, especially the high-end AITO series, to swiftly introduce them into target markets and achieve full coverage in the future. SERES' vehicle export business began in 2005. After years of development, the company has exported over 550,000 vehicles cumulatively to more than 70 countries and regions, including Germany, France, the UK, and Italy. In 2018, SERES established and put into operation a highly automated manufacturing plant in Indonesia integrating four major processes - stamping, welding, painting, and assembly, which became the first pure electric vehicle manufacturer in Indonesia. With a foothold in Indonesia, SERES is expanding its reach across ASEAN and continuously growing its presence in the Southeast Asian market. By attending the ASEAN-China-GCC Economic Forum, SERES is expected to further strengthen exchanges and cooperation with ASEAN and GCC member countries, accelerating the materialization of its overseas market expansion. During the interview, John Zhang introduced that SERES was founded in 1986 and has undergone three entrepreneurial phases—transitioning from auto parts to complete vehicles, and now to intelligent electric vehicles—achieving leapfrog development each time. Now, AITO brand is redefining luxury with intelligence and pioneering a "New Luxury" concept combining Traditional Luxury and Technological Luxury. With leading product strength, AITO has won recognition from more than 600,000 users, establishing itself as the benchmark of "New Luxury" in China. As a technology-driven company, SERES is committed to innovations of core technologies in electrification and intelligence, having developed the SERES MF Platform, SERES Super Range Extender, SERES Intelligent Safety, and SERES Super Factory, building a robust technological moat. In the face of the opportunities and challenges brought by global economic integration, SERES will embrace a more open and inclusive mindset, working together with partners from all sectors to jointly write a new chapter in the development of China's new energy vehicle industry. About SERES Founded in 1986, SERES is a leading technology company specializing in new energy vehicles (NEVs). With a workforce of approximate 20,000 employees, SERES is publicly listed on the A-share market and ranks among the Fortune China 500. The company is dedicated to the research and development, manufacturing, sales and services of new energy vehicles and their core NEV components. The name SERES is inspired by the Greek word for "the land of silk", evoking the luxuries of heritage of the East. SERES offers two NEV brands for overseas markets: AITO and DFSK. These brands provide a diverse range of products tailored to different market segments, with AITO focusing primarily on the high-end luxury segment. To date, SERES has exported over 550,000 vehicles to more than 70 countries and regions, including Germany, France, the United Kingdom, Italy, and many more countries. View original content to download multimedia: SOURCE SERES Sign in to access your portfolio
Yahoo
6 days ago
- Automotive
- Yahoo
NWTN Appoints New CEO to Drive Strategic Transformation
DUBAI, UAE, May 16, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), a Dubai-headquartered Intelligent New Energy Vehicles (NEV) and smart technology company, announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer. This leadership change marks a milestone in NWTN's strategic evolution, transforming from a NEV manufacturer to a global smart technology platform, poised to revolutionize innovation and supply chain ecosystem. The NWTN board announcement stated, "We are excited to have Mr. Zhai to lead the company's transformation and growth in the next phase. Mr. Zhai's deep experience and impressive track record in building and transforming technology companies is a perfect match for our group." Mr. Zhai brings over three decades of global leadership experience across technology, mobility, and venture investment. He has worked extensively in Asia, Americas, Europe and Oceania, and has held senior roles at EDS (now HP), Kearney, Egon Zehnder, and Russell Reynolds, and played critical roles in several high-growth ventures such as NIO. He was former Chairman of NIO Global User Trust, CEO of Canoo (Go EV) China, CEO of Shenzhen Talent Group, Managing Partner of Russell Reynolds' Automotive Practice in Asia Pacific and Americas, Managing Partner of Egon Zehnder's Industrial Practice in Asia Pacific. "NWTN is embarking on an exciting journey, fueled by AI, electrification, and new version of globalization," said Mr. Zhai. "With UAE as our global hub, we are committed to builing a platform combining smart manufacturing, agile supply chains, and industrial-digital finance." Under Mr. Zhai's leadership, NWTN will implement a transformative three-pillar strategy: Global Smart Innovation – Expand product offerings beyond NEVs to include autonomous logistics systems, drones, and smart wearables and other smart devices. Advanced Manufacturing in UAE – Establish the NWTN Smart Industrial Park in Abu Dhabi, integrating R&D, vehicle assembly, and intelligent equipment production to enhance smart manufacturing capabilities. Industrial-Digital Finance Convergence – Leverage the UAE's strengths in industry policy, technology and talent, to create a "technology + manufacturing + capital" model. "There is no better place than UAE to drive NWTN's transformation. We look forward to partnering with technology innovators and entrepreneurs around the world, and we are committed to making this world more intelligent, more connected and more integrated." Mr. Zhai concluded. About NWTN NWTN is a global innovator in smart EVs, green energy solutions, and autonomous driving technologies, headquartered in Dubai, UAE. For Media Enquiries:NWTN PR TeamEmail: pr@ View original content: SOURCE NWTN Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
