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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Recycling electric vehicle (EV) batteries involves gathering, processing, and making used batteries useable again while minimising the amount of batteries disposed of in landfills.Some EV battery recycling businesses mechanically disassemble the batteries they recycle in order to remove the precious elements from the battery's inside from the metals and polymers that make up the battery's shell.
Nickel and cobalt, two crucial metals, are the components of electric car batteries. To make new batteries, these materials may be recycled and reused.
Battery recycling can lessen the requirement for new metal mining throughout the whole process.Lithium-ion batteries, often used in electric vehicles (EVs), may be recycled up to 90% through commercial activity.
The Nigeria EV battery recycling market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
VinES and Li-Cycle Launch Global Battery Recycling Partnership.As part of their new relationship, the businesses are looking into international recycling options for VinES and VinFast, two worldwide producers of electric vehicles that are now a part of Vingroup.
The new alliance is anticipated to assist VinES and VinFast in their efforts to establish a closed-loop battery supply chain in order to advance their environmental objectives and add green mobility solutions to the global electrified revolution.
Additionally, it will improve Li-Cycle's extensive and varied partnerships with top battery and electric vehicle (EV) manufacturers and forge positive worldwide links with all parties.
VinFast has disclosed intentions to construct a sizable EV production plant in addition to a sizable manufacturing complex in Vietnam. VinFast anticipates constructing the project's first phase, which is planned to have a capacity to produce 150,000 automobiles annually after receiving an incentive package from the State of North Carolina.
VinES anticipates growing its present capacity for battery production in Vietnam and is looking at expanding into foreign markets.
The breadth and scope of Li-Cycle's unique and environmentally friendly lithium-ion battery recycling technologies, such as its Spoke & Hub Technologies, are a perfect match for VinES and VinFast's present and future manufacturing capacities.
Accelerating commercial demand continues to support and underlie Li-Cycle's Spoke & Hub network development plan. The company presently has four Spoke recycling facilities in North America with a combined processing capacity of 30,000 tonnes annually, or around 60,000 EV batteries.
As Li-Cycle expands its Spoke & Hub network to meet the recycling demands of an expanding client base, the company anticipates having a total annual processing capacity of 65,000 tonnes of lithium-ion battery material based on its current project pipeline.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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