Toyota Tsusho and LG Energy Solution Plan to Establish a Joint Venture for Automotive Battery Recycling in North America

Published: Jun 20, 2025 17:59

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[Toyota Tsusho and LG Energy Solution Plan to Establish a Joint Venture for Automotive Battery Recycling in North America] On June 19, Toyota Tsusho announced that it had reached an agreement with LG Energy Solution to establish a joint venture for automotive battery recycling in North Carolina, US. The newly established joint venture will operate a pre-processing business to crush and sort battery scrap, extracting valuable metals such as nickel, cobalt, and lithium. The goal is to establish a supply chain that recycles these materials into new battery production. The relevant facilities are expected to begin operations in 2026.

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