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Lithium-ion Battery Recycle Market 2021-2027 In-depth Analysis Report Segment by Manufacturers, Type, Covid-19 Impact
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Where do 30 million EV batteries go to be reborn?
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Global Lithium-Ion Battery Recycling Market to Reach $2.5 Billion by 2027 According to 2021 Report - ResearchAndMarkets.com
April 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 8, 2021
Amid the COVID-19 crisis, the global market for Lithium-Ion Battery Recycling estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.
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Lithium-Nickel Manganese Cobalt, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$1 Billion by the end of the analysis period.
autoevolution
Have you ever wondered where EV batteries go when they die? Well, as far as Nissan is concerned, these essential components get a second life by being recycled, refurbished, and reused through the carmaker s 4R Energy Corp joint venture with Sumitomo.
How Nissan Recycles Depleted EV Batteries and Rescues Them to Power Japan 8 Feb 2021, 16:37 UTC ·
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The automotive industry’s rapidly evolving to an all-electric era, driven by the quest for a sustainable, zero-emission future.
With the technology currently available, several EV components have a limited lifespan, and the most important of them is the battery pack. This essential component comprises several modules filled with lithium-ion cells that store electric energy and deliver it to the drivetrain.