【Two giants cooperate deeply in battery recycling field!】The latest news on April 16th, according to Volvo Cars official Weibo account, Volvo Cars announced the signing of a strategic cooperation memorandum with CATL, and the two parties will deepen cooperation in the field of battery circular management. According to the agreement between the two parties, in the future, Volvo Cars will recycle retired batteries from its new energy vehicles sold on the market, as well as batteries scrapped in the factory production process, and hand them over to Volvo-certified downstream suppliers for dismantling, extracting more than 90% of nickel, cobalt, lithium and other metal materials. CATL will use these newly extracted recycled materials to produce new batteries and use them in the production of Volvo Cars' new vehicles.
With the support of their respective R&D departments, the two parties will also establish an efficient, collaborative and transparent management mechanism to ensure that the entire process fully meets Volvo Cars' quality standards and complies with relevant laws and regulations.
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