CATL CEO: Recycled Lithium Could Supply Over Half of EV Batteries by 2042
Robin Zeng, Chief Executive of Chinese battery giant CATL, announced at the World New Energy Vehicle Congress on September 27 that more than half of all new electric vehicle batteries globally could be produced using recycled lithium by 2042. Emphasizing the need for greater sustainability in the industry, Zeng highlighted CATL's significant progress in battery recycling. The company currently possesses the capacity to process 270,000 tons of waste batteries, a figure projected to reach one million tons in the future. In 2023 alone, CATL recycled 100,000 tons of waste batteries, yielding 13,000 tons of lithium carbonate, a crucial component for lithium-ion batteries. The company reported impressive recovery rates, achieving 91% for lithium and up to 99.6% for nickel, cobalt, and manganese. This announcement underscores the growing potential of circular economy practices within the electric vehicle sector and positions CATL as a key player in advancing sustainable battery production technologies worldwide.
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CATL CEO: Recycled Lithium Could Supply Over Half of EV Batteries by 2042
Robin Zeng, Chief Executive of Chinese battery giant CATL, announced at the World New Energy Vehicle Congress on September 27 that more than half of all new electric vehicle batteries globally could be produced using recycled lithium by 2042. Emphasizing the need for greater sustainability in the industry, Zeng highlighted CATL's significant progress in battery recycling. The company currently possesses the capacity to process 270,000 tons of waste batteries, a figure projected to reach one million tons in the future. In 2023 alone, CATL recycled 100,000 tons of waste batteries, yielding 13,000 tons of lithium carbonate, a crucial component for lithium-ion batteries. The company reported impressive recovery rates, achieving 91% for lithium and up to 99.6% for nickel, cobalt, and manganese. This announcement underscores the growing potential of circular economy practices within the electric vehicle sector and positions CATL as a key player in advancing sustainable battery production technologies worldwide.
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