Powering a Sustainable Future: The Promise of Lithium-Ion Battery Recycling & Second-Life Applications
The world is at the cusp of a massive transformation in energy storage and mobility. From electric scooters and motorcycles to high-performance EVs, school buses, freight trucks, and even aircraft, lithium-ion batteries (LIBs) are enabling the global shift toward electrification. However, as the demand for these batteries skyrockets, so does the need for sustainable solutions to manage their lifecycle. At LOHUM , we are driving innovation in lithium-ion battery second-life applications and EPR for Li-ion battery waste management to create a closed-loop ecosystem for sustainable battery materials. With global electric vehicle (EV) sales soaring past 10 million units in 2022 and expected to exceed 50 million annually by 2030, it is imperative to establish robust recycling and reuse systems. Analysts predict that battery retirements will exceed 2 million metric tonnes per year by 2030 , creating both a challenge and an opportunity. The End-of-Life Challenge & The Need for Second...