![]() ![]() The market for recycling lithium-ion batteries alone could be worth $18 billion annually by 2030, Statista estimates, up from $1.5 billion in 2019. And they won't be recycling just for the sake of recycling. Kochhar and others see that problem as an opportunity to replace today's fragile and problematic supply chain with a more "circular" system, one that builds the next generation of batteries from the materials of the last generation. "We're at the tip of the iceberg," Kochhar says. Most of that explosion will be driven by electric vehicles, which carry batteries weighing more than 1,000 pounds. But as the world transitions to an electric economy, its appetite for lithium-ion bricks is projected to increase tenfold by 2030. Industry insiders speak with excitement and trepidation of a looming battery "tsunami." Globally people already toss out more than 500,000 tons of lithium batteries today, according to Ajay Kochhar, Li-Cycle co-founder and president, mostly in the form of small electronics. "We're spending all of this money making batteries, making chemicals, and then we're burning them at the end of the cycle," says Tim Johnston, Li-Cycle co-founder and executive chairman. By attacking the problem on all fronts, the teams work toward one goal: transforming exhausted batteries into a valuable resource. ![]() Others are developing the technology to rejuvenate dead batteries without breaking them down fully. A competitor, Li-Cycle, aims to crack the logistical puzzle of transporting batteries. Investors are betting millions that a Nevada company, Redwood Materials, can mine electronic waste for metals. Then, after a few years of use, spent devices often end up in landfills and incinerators.Īs lithium-ion batteries stand poised to jump from handheld devices into cars, trucks, and homes, entrepreneurs and academics are racing to find a way to reuse the hard-won materials. To gather the assorted atoms and fashion them into a working battery may have required thousands of people from perhaps a dozen countries. The cobalt that buffers the material against the ravages of daily recharging probably came from the Democratic Republic of the Congo, where children have allegedly been maimed and killed extracting it from the ground. The lithium that ferries charge back and forth likely started out in South American salt flats, where months of evaporation consumes millions of tons of water in some of the world's driest regions. ![]() Inside every smartphone and tablet lies a dense brick with a dark and complex history: its battery. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower In order to adopt these new technologies and to meet these demands, GS Yuasa will steadily implement its growth scenario by spreading the knowledge and expertise the acquisition will bring throughout its global networks.Best Debt Consolidation Loans for Bad Credit Demand for these products continues to grow steadily across Asia, and in emerging countries, even more dramatic growth is expected. In the Japanese automotive lead-acid battery market the demand for value-added products such as VRLA batteries and ISS car batteries for eco-friendly cars is rising. The battery manufacturer, also aims to expand its global market share in lead-acid battery business. This deal is an important step for GS Yuasa and is key to implementing the company’s growth strategy of “ensuring the expansion of earnings from existing businesses and cultivating new businesses.”īy integrating the technological research and development expertise, production knowledge and quality control skills Panasonic and GS Yuasa’s lead-acid battery businesses both possess, GS Yuasa hopes to make an innovative change to its business structure, including:ġ) Streamlining production by spreading combined knowledge through their global business networkĢ) Enhancing development speed in order to respond to the diversification of product development demands. This transfer is scheduled to occur through the acquisition of shares from Panasonic’s subsidiaries, and GS Yuasa are currently in the process of negotiating terms of the final agreement. GS Yuasa International Ltd, a subsidiary of GS Yuasa Corporation, has entered into an agreement with Panasonic Corporation to transfer Panasonic’s lead-acid battery business to GS Yuasa. ![]()
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