batteries in a $65 million venture between American and South Korean companies that will supply material for a separate battery-related operation in the same town, the companies announced Tuesday.
The recycling facility will disassemble and shred about 24,000 metric tons of used EV batteries and gigafactory scrap per year – or approximately 56,000 EV batteries yearly, the company said. The exact location for the new facility hasn't been determined, it said. The new facility each year will produce about 12,000 metric tons of black mass – a powder that contains the valuable cathode and anode materials inside an electric vehicle battery, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A new battery recycling facility will deepen Kentucky's ties to the electric vehicle sectorA recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture between American and South Korean companies that will supply material for a separate battery-related operation in the same town, the companies announced Tuesday. The 100,000-square-foot (9,000-square meter) EV battery recycling facility to be built in Hopkinsville will create about 60 jobs, according to U.S.-based Ascend Elements, which is partnering with South Korea-based SK ecoplant and
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Ford pausing construction of Michigan battery plant amid contract talks with auto workers unionFord Motor Co. said Monday that it's pausing construction of a US$3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively.
Source: CTVNews - 🏆 1. / 99 Read more »
EV maker Fisker rallies after production update, bullish analyst reportBy Chibuike Oguh NEW YORK (Reuters) - Shares of electric-vehicle startup Fisker Inc rose by more than 20% on Tuesday after the company reaffirmed its ...
Source: SaltWire Network - 🏆 45. / 63 Read more »