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An electric vehicle’s primary component is a lithium-ion battery. They are the most expensive part of EVs and need a supply chain, which may have negative effects on human rights and the environment.
While electric cars don’t produce any greenhouse gases while they’re in use, the manufacturing process can account for up to 25% of the car’s lifetime emissions.
Because they are poisonous and flammable, lithium-ion batteries must be kept out of landfills. Reduced need for new lithium, cobalt, and nickel may be greatly helped by recycling and reusing EV batteries.
The extraction of these resources has detrimental effects on the surrounding area’s ecosystem and neighborhood residents, such as soil, air, and water pollution.
The Malaysia EV Battery Recycling Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
In order to meet the global criteria for carbon neutrality that Daimler has committed itself to, Mercedes-Benz Malaysia is looking at local assembly (CKD) of electric vehicle (EV) models at its Pekan factory as well as improving its production network and supply chain.
However, how fast these goals may be achieved will be greatly influenced by a number of uncontrollable circumstances, one of which will be our dealer network’s willingness to present an alluring product lineup (of EVs).
This will need them to make sure that their dealerships have the proper digital and technological underpinnings and that we bring in the appropriate product ranges. They are looking for chances to localize electric vehicles where it makes financial and economic sense.
