Business Maverick: Tesla Co-Founder Joins With Toyota to Recycle Car Batteries

The world’s biggest automaker and Redwood plan to create a “closed-loop” supply chain for electric-vehicle batteries that involves collecting end-of-life cells for reuse and repurposing of materials, according to a statement Tuesday.

The companies will initially try testing and recycling batteries from Toyota’s early-generation Prius models, the world’s first mass-produced hybrid car when it made its debut in the US around the turn of the century. Battery-powered vehicles retiring from roads today are “predominantly” Priuses, according to the statement.

Toyota and Redwood plan to address surging battery prices and shortages of metals and materials that are forecast to accompany a rapid global shift to EVs. Battery supply snags

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Former Google boss Eric Schmidt urges US to prioritise chip securityThe former Google chief says attracting overseas chipmakers to build factories on its on territory should be a matter of national security for the US. I'm assuming he is not talking about Simba chips are deep friend American cut fries, so I have to wonder; what are the chips for?
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: Distressed crypto lender Babel wins reprieve on debt repaymentsThe Hong Kong-based Babel has 'reached preliminary agreements on the repayment period of some debts, which has eased the company’s short-term liquidity pressure'. Babel's difficulties highlight the turmoil sweeping the crypto sector, where at least one major lender has forced withdrawals.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »