Renault wants to be the first carmaker to recycle lithium, cobalt, and nickel to make new batteries
Renault plans to extract and recycle lithium and other materials from used electric vehicle batteries. If it achieves its aim, it will be the first European manufacturer to recycle batteries on a large scale. The chief executive of Renault’s environment unit The Future is Neutral Jean-Philippe Bahuaud revealed in an interview in Paris that the carmaker is in “advanced” discussions with specialist companies for battery material recycling. “In Europe, there is currently...
Recycling these metals and using them for new batteries will help Renault’s bottom line. Read: Renault Pulls The Plug On EV-Focused Ampere’s IPO Renault’s TFIN unit has already dipped its toe into the market. Production at the firm’s Flins factory near Paris will end next month and it will transition to producing partially recycled car components and reconditioned vehicles. It will also repair up to 9,000 batteries this year. These batteries and parts are sold at a 30% discount to new parts.
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