Cylib said the facility is focused on the electric vehicle industry and, upon completion, will have capacity to recycle 30,000 metric tons of end-of-life batteries every year.
Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Recycled batteries produced by Cylib's new facility are expected to be used by Porsche, which invested in the startup as part of a 55-million-euro funding round, a source familiar with the matter told CNBC.
Earlier this year, the firm raised 55 million euros of financing from investors including climate-focused venture capital firm World Fund, Porsche Ventures, Bosch, and DeepTech&Climate Fonds.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: