GM invests in Canadian battery recycler to address supply shortage

General Motors has partnered with Canadian battery recyclers to produce new batteries from recovered battery materials. This is as it seeks to expand EV production in North America amid supply shortages and rising costs.

The automaker, through its GM Ventures division, has invested in a Series A funding round for Lithion Recycling, a developer of advanced battery recycling technology.Both companies will work together to establish a circular An ecosystem for recycling EV batteriesThis will be a significant bottleneck as the industry races to phase out gasoline engines at the end of the decade.

Until recently, EV deployments around the world have focused on building enough charging stations to support the large number of battery electric vehicles expected on the road by 2030.for batteries rarer and more expensive.

GM and other automakers are pushing to have more control over supply by onshoring operations and bringing in more products. home battery life cycle. By 2030, about 15 million tons of lithium-ion batteries are expected to be scrapped. aqua metals.

redwood material It has partnered with Ford, Volkswagen and Volvo and signed a contract with Toyota to collect, refurbish and recycle batteries and battery materials for the automaker’s planned battery plant in North Carolina. The Nevada-based metal recycler expects the market for battery recycling to exceed $18.7 billion by the end of the decade.

A partnership with Lithion will help GM build a “supply chain and recycling strategy that can grow with us,” said Jeff Morrison, GM’s vice president of global purchasing and supply chain, in a statement.

“Lithion’s technology provides an opportunity to recover and reuse raw materials from Ultium battery packs, helping us make the EVs we produce more sustainable and cost effective,” said Morrison. .

Lithion is expected to start its first commercial operations in 2023 and produce 7,500 tons of lithium-ion batteries per year. Start-up of Lithion’s first hydrometallurgical plant is scheduled for 2025.

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