BMW And Recycling Company Umicore And Northvolt Build A Car Battery Recycling Company To Create 'green Life'

- Oct 01, 2019-

According to BMW's official website, on October 15, local time, German automaker BMW announced that it has established a joint technology alliance with Swedish battery company Northvolt and Belgian material recycling group Umicore, and will work closely together to continue to develop electric power in Europe. A complete, sustainable value chain for automotive batteries. Co-created a car battery recycling company.

The project is seeking to promote the sustainable industrialization of European batteries and to acquire technologies related to battery processes in chemical processes, research and development, production and final recycling. The Pan-European Union's R&D activities will help create high-tech jobs and provide full support to the EU Battery Alliance (EUBatteryAlliance), founded by EU Commissioner Maros Sefcovic.

The goal of the three companies is to design a "closed life cycle cycle" battery manufacturing process and commercialize the process to get the second life of the electric vehicle battery as an energy storage product before the battery is recycled.

BMW spokesperson Niklas Drechsler told Reuters that it might buy batteries from Northvolt in the future. As part of this partnership, BMW will provide its expertise in battery development, and Umicore will be responsible for the development and recycling of active anode and cathode materials.

BMW spokesman NiklasDrechsler said after the announcement of the recycling program, "We have this consortium because we believe that there is great potential, and Northrop may become another battery supplier for us."

He said Northvolt must "accumulate and upgrade its battery capacity" before reaching any supply agreement.

The Swedish-based Northvolt was founded by Peter Carlsson and PaoloCerruti, both of whom were Tesla employees. The company is seeking additional funding from the European Investment Bank (EIB) and plans to build the largest lithium-ion battery plant in Europe. It plans to raise 4 billion euros (about 4.6 billion US dollars) to fund the battery plant construction plan. By 2023, the annual production capacity will be 32GWh. Battery.

Northvolt has to raise 1.2 billion to 1.5 billion euros ($1.4 billion to $1.7 billion) in debt and equity this year to build its initial capacity of 8 GWh and expressed its hope to deepen its relationship with BMW.

"We obviously hope this is the first step in a long-term relationship," said Northvolt spokesperson Jesper Wigardt, adding that Northvolt has applied for a €400 million loan to one of its existing financiers, the European Investment Bank.

In the recycling business with Northvolt and Umicore, BMW said it has made a preliminary investment, the amount is unknown, and will provide expertise in battery development.

Umicore will be responsible for the development and recycling of active anode and cathode materials.

In order to accelerate battery development and make further progress in battery chemistry and design, the BMW Group has built a new battery center of excellence that will be completed in the summer of 2019. In addition to battery development, other key technologies related to battery prototyping and production expertise based on graphics will also be gathered here.

Recently, Umicore has announced that it will begin construction of a cathode material manufacturing plant in Europe and has already established a lithium-ion battery recycling plant in Europe. Umicore is helping to develop battery recycling technology and reusing recycled resources for battery material production, making an important contribution to sustainable mobile travel in the future.