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Yahoo
30-05-2025
- 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
Hindustan Times
07-05-2025
- Automotive
- Hindustan Times
India will have 123 million electric vehicles on its roads by 2032, claims study
Electric vehicles in India have been witnessing a rapid growth in demand and sales over the last few years. Electric vehicles in India have been witnessing a rapid growth in demand and sales over the last few years. (Getty Images via AFP) India will have 123 million electric vehicles on the road by 2032, after getting a boost from the incentives of the National EV Targets (NEV), claims a study. The study also stated that the cumulative lithium-ion electric vehicle population increased nearly twelvefold, rising from 0.35 million in 2019 to 4.4 million in 2024. The joint study was conducted by IESA (India Energy Storage Alliance) and CES (Customized Energy Solutions). It stated that the rapid growth of electric vehicles in India has been fuelled by supportive government policies, such as the FAME-II scheme, which offers demand incentives for electric two-wheelers, three-wheelers, and four-wheelers, along with capital subsidies for public charging infrastructure. It further highlighted that electric two and three-wheelers together accounted for over 93 per cent of India's on-road EV stock in 2024. In contrast, electric four-wheelers represented around 6 per cent, while electric buses and trucks comprised less than one per cent. Notably, the personal electric four-wheeler (E4W) segment has emerged as a key driver of the country's expanding private and home charging ecosystem. The report further states that in 2024, there were approximately 220,000 personal electric four-wheelers (E4Ws) on roads, most of which depended on Type-2 AC chargers installed in residential areas. By that same year, India had an estimated 320,000 private Type-2 AC chargers, with 70 per cent being 3.3 kW units, 28 per cent 7.4 kW units, and the remaining 11-22 kW units classified as high-capacity. India had roughly 76,000 cumulative public and captive charging points in 2024, with a combined installed capacity of 1.3 GW. While AC-001 chargers made up nearly half of all installed points, the overall installed capacity was dominated by CCS2 chargers, reflecting the growing demand for high-power DC fast charging. The study also claims that by 2032, the projected stock of electric vehicles is expected to reach approximately 4.3 million, 5.8 million, and 10 million electric four-wheelers under the Worst Case, Business as Usual (BAU), and New Energy Vehicle (NEV) scenarios, respectively. Check out Upcoming EV Bikes in India. First Published Date: 07 May 2025, 08:29 AM IST
Time of India
06-05-2025
- Automotive
- Time of India
KPIT acquires Caresoft Global's engineering solutions biz to strengthen mobility offerings
KPIT Technologies has announced the acquisition of the engineering solutions business of Caresoft Global , a firm known for its automotive benchmarking and cost-reduction-driven engineering capabilities . The move is aimed at supporting global original equipment manufacturers (OEMs) with integrated solutions spanning vehicle software , hardware design, and manufacturing. Caresoft Global will restructure into three independent business units: Benchmarking, Technology Optimisation & Cost Reduction Engineering; Engineering Talent Solutions; and Engineering Solutions. KPIT is acquiring the last of these, which includes operations across global markets. Commercial vehicle segment and China entry The acquisition is aligned with KPIT's strategic focus on the commercial vehicle segment, especially trucks and off-highway applications. The company will gain access to Caresoft's existing relationships and domain knowledge in this area. KPIT also expects the deal to support its expansion into China by leveraging Caresoft's longstanding presence and understanding of Chinese OEMs, suppliers, and New Energy Vehicle (NEV) players, the company said in a media release. A significant area of value creation is expected in cost reduction for vehicle development. Caresoft has a background in cost benchmarking and teardown of vehicle components across multiple models, which KPIT will now utilise to support OEMs in reducing development costs in passenger cars, trucks, and off-highway segments. Manufacturing engineering KPIT will add capabilities in manufacturing and industrial engineering, including plant layout planning and assembly line optimisation. These services aim to assist OEMs in making decisions earlier in the vehicle development process, integrating product and factory design. Kishor Patil, Co-founder, CEO and MD, KPIT Technologies, said, 'At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating foray into China. Also, OEMs across segments are looking for a partner who can bring more agility and cost efficiency by taking an integrated view of software, hardware, and manufacturing. With Caresoft's strong expertise, we have a strategic partnership which will bring unparalleled value to the mobility ecosystem.' Mathew Vachaparampil, CEO, Caresoft Global, added, 'This milestone reflects more than growth. It honours our shared values with KPIT: being relentlessly customer-centric and caring deeply for our people. We will jointly deliver more value to our automotive customers in terms of technology, cost, and speed to market.'
NZ Autocar
30-04-2025
- Automotive
- NZ Autocar
Chery's new ute won't be offered in New Zealand
Chery launched a new double-cab ute called the Himla at Auto Shanghai 2025 to great fanfare, but it won't be coming to the New Zealand market. Chery International president Mr Zhang Guibing says the manufacturer will developtwo new utes with New Energy Vehicle (NEV) technology for the Tasman Seas market. But they will not be related to the Himla double-cab ute launched at Auto Shanghai. The first new Chery ute will launch in the second half of 2026, with the second modelarriving later that Zhang says the new utes are unrelated to the recently launched Himla utes whichwill solely be produced in left-hand drive for the markets in the Middle East, Central and South America.
Zawya
28-03-2025
- Automotive
- Zawya
Smart Mobility International to launch range-extended electric vehicles in the UAE
The agreement highlights the shared commitment of the UAE and China to innovation and sustainable mobility. The UAE becomes the first international market to host the AVATR brand. Abu Dhabi: Smart Mobility International, a subsidiary of one of the UAE's premier automotive agencies with over 40 years of experience in distributing luxury brands such as Rolls-Royce, BMW, and McLaren, has signed an agreement with AVATR Technology to become the exclusive distributor of AVATR's innovative range of vehicles. AVATR Technology, a leading manufacturer of luxury New Energy Vehicles, is a joint venture between Chang'an Automobile and CATL, a world-leading smart energy technology company, along with a strategic partnership with Huawei. Together, this partnership empowers AVATR with vehicle R&D, innovative smart energy technology, and an intelligent ecosystem. Led by Chief Designer Nader Faghihzade, formerly of BMW, the sleek, modern, and aerodynamic vehicles are designed at AVATR Technology's global design center in Munich. The agreement was signed on June 20th in the presence of His Excellency Sheikh Saif Bin Mohammed Bin Butti Al Hamed and His Excellency Mr. Zhang Yiming, Ambassador of the People's Republic of China to the UAE, along with several distinguished guests from the global automotive industry. Mr. Wu, head of AVATR global business development gave opening remarks, with the agreement signed by Mr. Moutaz Louis, CEO of Smart Mobility International, and Mr. Wang, Vice President of AVATR Technology. Mr. Wang of AVATR Technology commented: 'The UAE is one of the leading consumers of high-end luxury vehicles, and the UAE will soon experience our class-defining range of Smart Electric Vehicles (SEVs). This is our first export market outside of China, and we are delighted to partner with Smart Mobility International to bring AVATR to the UAE.' Moutaz Louis, CEO of Smart Mobility International, remarked: 'AVATR is set to revolutionize the New Energy Vehicle (NEV) market with a range of products that define a new class of luxury and performance. We are excited to see the reaction of our UAE customers.' AVATR: Class-Defining Style, Technology, and Performance AVATR will be introduced to UAE customers through a major launch campaign during Q4 2024. This campaign aims to leverage the anticipation and excitement for the brand across physical and digital channels, as well as exclusive launch events for VIPs and potential customers. The first AVATR showroom is set to open in a prime location on Sheikh Zayed Road, Dubai. The showroom will reflect the innovative spirit of AVATR, offering a premium customer experience with state-of-the-art facilities and personalized services. The first products to launch will be the flagship AVATR 11 and AVATR 12, with additional Battery Electric Vehicle (BEV) and Extended-Range Electric Vehicle (EREV) models planned for release in 2025. Smart Mobility International Smart Mobility International (SMI) is a distributor of New Energy Vehicles with a presence across the UAE. Smart Mobility International taps into over 40 years of luxury automotive experience across sales, service and support, backed by top-notch facilities. With a commitment to exceptional products and unparalleled customer service, Smart Mobility International is dedicated to leading the future of intelligent and sustainable mobility in the UAE and beyond. AVATR Technology Founded in 2018, AVATR Technology explores future-oriented humanised mobility technologies, creating the experience of a vehicle as an 'emotionally intelligent companion'. Supported by industry heavyweights Changan, CATL and Huawei, each AVATR model is crafted on the jointly-built CHN platform featuring an all-new Smart Electric Vehicle (SEV) architecture with strong computing power and high-voltage charging capability. AVATR Technology is headquartered in Chongqing, China, with an R&D centre in Shanghai and AVATR's global design centre in Munich, Germany.
