Author :Iflowpower – Portable Power Station Supplier
According to foreign media reports, South Korea's third largest company Group SK Group (SKINNOVATION) announced that it is developing a technology that can recover high concentrations from the anode material of the abandoned electric vehicle battery. Lithium hydroxide, and the company wants to achieve commercialization of this technology next year. SK Innovation (SKI) indicates that if relevant techniques can be obtained, 80% of electric vehicle battery packs can be recovered, and key materials such as nickel, cobalt and manganese are recovered from them, as such materials take advantage of the battery cost.
More than 30%. SKI CEO Kimjun said that waste electric car batteries can be recycled and announced a battery-based service (BAAS) strategy that creates a new service platform with battery. Because lithium-ion electric cars have just entered the global market, SKI's local competitors such as LG Chemical and Samsung SDI are also developing recycling electric vehicle battery pack technology.
In the future, the share of electric vehicles in the global waste battery market will rise from current 3% to 90%. Electric vehicle battery uses chemical energy stored in rechargeable battery pack to supply energy, once energy is exhausted,. However, aluminum, cobalt, nickel, lithium, and other types of metal are very valuable, and can be recovered.
Although techniques from recovering valuable core materials from the battery have realized commercialization, SK innovation is the first company with high concentration of lithium hydroxide technology. At present, in the field of waste battery recycling, my country is in the leading level. It is reported that our governments are developing relevant laws, and choose a specific company to carry out the discard battery reuse related research activities.
At present, the SK innovation of South Korea, LG Chemistry and Samsung SDI cooperates with SMEs at home and abroad to develop battery recycling business.