Cylib is a startup aiming to minimise waste from end-of-life electric vehicle (EV) batteries, and it is currently constructing a large-scale battery recycling operation in Germany.
Based in the German federal state of North Rhine-Westphalia, Cylib, supported by luxury sports car manufacturer Porsche and appliance manufacturer Bosch, began construction on the new location on Monday. The site is located in the town of Dormagen.
The factory, which will create recycled batteries for the European electric vehicle market, is projected to occupy 236,000 square feet and be injected with more than 180 million euros ($200 million).
Its plant will be the biggest end-to-end recycling facility for lithium-ion batteries in all of Europe.
It will be bigger than the largest plant already in operation, Hydrovolt, a joint venture between Swedish EV battery manufacturer Northvolt and Norway-based aluminium and renewable energy company Hydro, with ambitions to recycle about 30,000 metric tonnes of end-of-life batteries annually at the facility.
Source (CNBC)
