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First-ever speedcubing competition in P.E.I. draws large crowd | SaltWire #rubikscube #charlottetownLONDON - U.S. firm Ascend Elements and Poland's Elemental Strategic Metals have formed a joint venture to recycle electric vehicle batteries, with their first Polish plant already open and another plant planned in Germany, they said on Tuesday.
"Keeping battery materials in the local supply chain in Europe requires investment and infrastructure," Ascend Elements CEO Mike O’Kronley told Reuters."That's what we're doing together." EV batteries are shredded to create black mass, which is then further recycled to extract lithium and other battery materials for use in new EVs.
Ascend has raised around $700 million in equity funding and received $480 million in U.S. Department of Energy grants as part of Biden administration efforts to boost EV battery production. It has a battery recycling plant in Georgia and is building a second in Kentucky.
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Boosting Black Representation in the Auto Industry Requires Strategic ApproachExperts emphasize the need for well-thought-out strategies and commitment to diversity, equity, and inclusion to increase Black representation in the auto industry.
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