Historic agreement for the Swedish company which solves a long-standing problem for electric cars. Customers will really benefit from this project!
The Swedish company Volvo is a brand that has decided to face the great changes of this historical period such as the ecological transition in a very different way from other European brands. In addition to focusing decisively on electric long before it became a driving force on the four-wheel market, the Swedish company has in fact chosen to continue producing minivans and family cars, two categories of cars that are increasingly rare on a market invaded by SUVs.
In short, the brand aims to stand out; if its strategy will prove successful in the long term, only time will tell, while an important agreement comes to life between the Swedish company and a giant in the world of electric car accessories production. The Volvo company may in fact have just closed a very important partnership that will allow it to face a great challenge in a more relaxed way.
What is the main problem of every electric car if not autonomy and the duration of the charge of a battery or of this component itself? By now, producing one’s own or having proven methods for recycling used electric car batteries seems essential, which is why the project by Volvo and another giant in the sector is so important.
Recycling batteries, Volvo now believes in it
According to many experts, the future will see more and more growth of a very particular sector of the world of electric batteries, namely that of the recycling of used components of this type by companies that produce cars. In fact, companies like BYD are already working to produce components of this type and, consequently, to recover the exhausted ones as much as possible.
Precisely in these hours, a partnership agreement was signed between the European company and the giant Contemporary Amperex Technology for the recovery and recycling of used electric car batteries. The project aims to reduce harmful emissions not only during the operation of cars but also of the processes for building batteries through the recovery of nickel, cobalt, lithium from batteries that are now exhausted and at the end of their life cycle.
There are several proven processes with which a used battery can be treated, recovering over 90% of elements of this type for the production of a new component. It is not yet clear which one will be chosen by CATL and Volvo but we know that this agreement is of historic importance. In fact, it will allow the brand to cut costs and, indirectly, increase the life of its EV batteries substantially.
