The companies said that third-party lifecycle analysis show that Lithion’s technology has a recovery rate of over 95%. As it uses green energy, the company’s technology and operations will reduce greenhouse gas emissions by over 75% and water usage by over 90% compared to mining battery materials, they said.
Unfazed by the slowing global economy, buyers of key components in the powering of EVs are stepping up efforts to lock in supplies.
GM is aggressively scaling battery cell and EV production in North America to reach its target of more than one million units of annual capacity by 2025. The automaker also aims to eliminate tailpipe emissions from all its new light-duty vehicles by 2035.
“We are building a supply chain and recycling strategy that can grow with us,” Jeff Morrison, GM vice president, global purchasing and supply chain said in the statement.
In August, Ultium Cells, GM’s joint venture with LG Energy…
