New Material Intelligence NMT | BMW Group works with Huayou to create 100% closed-loop recycling of power battery raw materials

On May 25th, the signing ceremony for the cooperation between BMW Group and Zhejiang Huayou Renewable Technology Co., Ltd. (hereinafter referred to as “Huayou Renewable”) in the cascade utilization of power batteries and closed-loop recycling of battery materials was held in Shanghai. Held at Shenyang Brilliance BMW Tiexi Factory. https://www.stoneitech.com/
The two sides announced that they would join forces in the field of new energy vehicles to create an innovative cooperative model of power closed-loop recycling and cascade utilization of battery materials, and for the first time achieved closed-loop recycling of power battery raw materials for BMW domestic electric vehicles and closed-loop management of power battery raw materials.
According to the cooperation agreement between the two parties, BMW Group and Huayou Cycle will cooperate to disassemble the power battery and extract core raw materials such as nickel, cobalt, and lithium from the battery in a high proportion through Huayou Cycle’s advanced green metallurgical technology. Unlike the previous methods of disassembling, recycling, and reusing power batteries, the closed-loop recycling mode of power battery materials can achieve a high proportion of core raw materials extracted by 100% being returned to BMW’s own supply chain system, and can be used again to participate in the production and manufacturing of power batteries for BMW new energy vehicles to achieve resource recycling. This measure will effectively reduce 70% of carbon emissions during the mining process of mineral resources,
Dr. Dai Hexuan, President and CEO of BMW Brilliance Automotive Co., Ltd., said: “At present, the power battery recycling industry in China is in the ascendant. The successful exploration of battery recycling by BMW Brilliance and Huayou Cycle in the power field not only helps BMW further reduce the average carbon emissions during the entire life cycle of a single vehicle, but also helps BMW and its supplier partners complete the business model of power battery recycling, which is conducive to the sustainable development of BMW. The domestic power battery industry.”
Huayou Cobalt stated that through deepening cooperation between the two sides, the residual value of retired power batteries will be fully utilized, and the carbon emissions generated during the exploitation and production of power battery raw materials will also be significantly reduced. Chen Xuehua, chairman of the company, said that the cooperation between BMW Group and Huayou is an innovative and win-win model, which will provide a new model for industry cooperation and open up a new path for low-carbon development. And the green development of battery materials.
On May 16, Huayou Cobalt Industry stated in an interactive exchange with investors that lithium battery recycling business is the company’s key business in the future. The company’s subsidiaries Huayou Quzhou and Huayou Renewable Resources are listed in the first and second batch of enterprises in the “Industry Specification for Comprehensive Utilization of Waste and Used Power Batteries for New Energy Vehicles” issued by the Ministry of Industry and Information Technology At the same time, the company also cooperates with a number of well-known vehicle companies to develop and undertake the recycling of retired batteries, and carries out a strategic cooperation model of exchanging waste for old with a number of well-known battery companies. Material Science,
On May 2, Huayou Cobalt also announced that Huayou Resources, the company’s recycling subsidiary, has obtained the PAS 2060 Carbon Neutralization Statement certification issued by SGS, becoming the world’s first resource recycling “zero carbon” factory.
In addition, the BMW Group is also accelerating the process of electrification. According to the annual financial report held on March 16th, BMW Group will mass produce and pilot produce 15 pure electric vehicles in 2022; The “new generation” model based on the new architecture will be trial-produced in 2024 and unveiled in 2025; By the end of 2025, BMW Group plans to deliver 2 million pure electric vehicles worldwide; By 2030,
In the first quarter of this year, BMW Group successfully delivered 208507 BMW and MINI cars and 2990 BMW Motorrad motorcycles in China. Among them, the sales of pure electric vehicles, boosted by BMW iX, BMW i4, BMW iX3 and other models, reached three times of the same period last year, and the momentum of electric strategy promotion is strong.