Hyundai and LGES Partner with Huayou for Battery Recycling in Indonesia
Hyundai Motor Group's joint venture, HLI Green Power, partners with Zhejiang Huayou Recycling Technology to recycle EV battery materials in Indonesia. HLI Green Power operates a $1.1 billion plant in Karawang, West Java, supplying battery cells for HMG's EV operations in Southeast Asia. The partnership focuses on recycling production waste and used EV batteries to extract lithium, cobalt, and nickel for reuse, aiming to establish a circular battery economy.
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Hyundai Motor Group's joint venture with LG Energy Solution, PT Hyundai LG Indonesia Green Power, is collaborating with Zhejiang Huayou Recycling Technology to recycle electric vehicle battery materials in Indonesia. HLI Green Power operates a $1.1 billion plant in Karawang, West Java, starting in 2024, to supply battery cells for HMG's EV operations.
The agreement involves sending production waste from HLI Green Power to Huayou's local recycling facilities for processing into black mass, which will be refined to retrieve lithium, cobalt, and nickel. Additionally, the companies will recycle materials from used EV batteries, contributing to the global EV battery supply chain.
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