Recently, according to media reports, the large number of electric vehicles have increased the demand for batteries, but also increased the demand for battery recycling, a large number of discarded batteries need to be recycled, and there are also a lot of development opportunities in the recycling link.
From the reports of foreign media, the electric vehicle battery manufacturer LG New Energy is also involved in battery recycling, and its parent company LG Chemical has recently joined hands to invest in a battery recycling company.
LG New Energy and parent company LG Chemical jointly invest in li-ion battery recycling company Li-Cycle. According to the news released by LG New Energy on its official website, LG Chem and LG New Energy will make a strategic investment of $50 million in Li-Cycle, and each company will invest $25 million to acquire Li-Cycle's common stock.
LG New Energy said on its official website that the 20,000 tons of nickel that Li-Cycle supplied to them in ten years can equip about 300,000 high-performance electric vehicles with lithium-ion batteries.
Wisdom bud experts said that LG in the directly related to energy technology composition can be seen, the company's technology in the company's technology 15.38% of the patents are related to "TV system components", 13.09% of the patents are related to the "radio transmission system", 12.54% of the patents are related to "the components of the transmission system in a single group". It is worth noting that in the company's technology in the above fields, 67.27% of the patent applications in various provinces in China are from Tianjin, 15.62% of the technology is from Beijing, and Jiangsu accounts for 11.67%, with a total of 1587 patents.
![Li-Cycle in North America develops battery green recycling technology[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)