A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
Publishing timestamp: 2024-09-09 10:14:55
Summary
Cylib, backed by Porsche and Bosch, is building a massive battery recycling facility in Germany to recycle end-of-life batteries from electric vehicles. The facility, expected to be the largest in Europe, will have the capacity to recycle 30,000 metric tons of batteries annually. Porsche is expected to use the recycled batteries in their electric vehicles. The project is part of the European Union's focus on sustainable battery development for electric vehicles.
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Keywords: alternative and sustainable energy, breaking news: technology, climate, environment, autos, technology, business news, germany, porsche ag,