Reduce Carbon Footprint, Volvo Collaborates With CATL In Battery Recycle

Cooperation Agreement for Volvo and CATL. (Photo: Doc CNevpost)

Volvo signed a strategic partnership with world's largest electric vehicle battery manufacturer Contemporary Amperex Technology Co Ltd (CATL), in the field of battery recycling with the aim of reducing carbon footprint.

Citing from the CNevpost page, Friday, April 19, in a statement, Volvo revealed that electric vehicle batteries contain various elements of unrenewable metal, and carbon emissions from mining and processing account for most production cycles.

On the other hand, the current development of electric vehicles is relatively fast, especially in China, and a number of electric car batteries will gradually run out of life and used batteries that are not properly disposed of will pose serious challenges to the environment.

The two companies (Volvo and CATL) agreed to reduce carbon emissions for the entire lifecycle of electric vehicles by dismantling, recycling, and reusing used batteries.

In fact, Volvo will recycle used batteries from electric vehicles it sells, as well as used batteries during factory production. The battery will be dismantled by a certified Volvo supplier to extract more than 90 percent of nickel, cobalt, lithium, and other metal materials.

Meanwhile, CATL will use this recycled material to produce new batteries that will be used in the production of new Volvo vehicles.

"This agreement is an important milestone in building a closed battery recycling business model in China, opening a new chapter in closed battery cycle management," said CATL Marketing System Head Tan Libin.

As is known, Volvo launched its sustainability strategy in 2019, which aims to achieve an average of 30 percent of the use of recycled materials across its lineup of models by 2030.

"Volvo is also committed to achieving greenhouse gas emissions of up to zero percent by 2040, which requires joint efforts from supplier partners across the supply chain," said Asia Pacific Region's VP of Supply Chain Li Hai.