Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Iveco Group Chooses BASF As EV Battery Recycling Partner

- Advertisement -

BASF, having established Europe’s first integrated facility for battery material production and battery recycling in Schwarzheide, Germany, will oversee and coordinate the comprehensive recycling procedure for the lithium-ion batteries employed in Iveco Group’s electric vans, buses, and trucks.

Iveco Group has officially designated BASF, the largest chemical supplier in the automotive industry globally, as its inaugural partner in implementing a comprehensive recycling solution for the lithium-ion batteries utilized in the Group’s electric vehicles. This strategic decision aligns seamlessly with Iveco Group’s overarching circular economy strategy, founded on the principles of the 4R Framework – Repair, Refurbish, Repurpose, and Recycle.

The primary objective is to extend the lifespan of batteries while simultaneously mitigating their overall environmental impact. In adherence to the Extended Producer Responsibility policy, which places the onus on producers for the entire lifecycle of their products, Iveco Group is committed to overseeing the battery life cycle from design to end-of-life.

- Advertisement -

BASF, having recently inaugurated Europe’s inaugural co-located centre for battery material production and battery recycling in Schwarzheide, Germany, will spearhead the orchestration and management of the complete recycling process for lithium-ion batteries deployed in Iveco Group’s electric vans, buses, and trucks. The comprehensive agreement encompasses battery collection, packaging, transportation, and recycling operations spanning various European countries, including but not limited to France, Germany, and the UK.

Post-collection, BASF will employ mechanical processes to transform the batteries into black mass, from which critical raw materials such as nickel, cobalt, and lithium can be extracted and recuperated for the production of new batteries. This initiative will establish a complete battery recycling value chain in Europe, contributing to the localized provision of recycled metals with a reduced carbon footprint for the burgeoning battery industry.

Angela Qu, Chief Supply Chain Officer at Iveco Group, emphasized the significance of lifecycle thinking as a strategic sustainability priority. She stated that BASF’s shared commitment to this approach, coupled with its expansive battery collection network and recycling capabilities in Europe, positions the collaboration as instrumental in closing the loop from end-of-life batteries to new ones. This cooperative effort is anticipated to facilitate the establishment of a circular economy, in line with Iveco Group’s commitment to achieving net-zero carbon emissions by 2040.

Dr Daniel Schonfelder, President of BASF’s Catalysts division, overseeing the company’s battery materials and battery recycling business, remarked that the partnership with Iveco Group marks a pivotal milestone for their battery recycling business, extending their activities into the realm of commercial vehicles. He emphasized the significance of strengthening their European collection network and making strides in a developing market, with the ultimate goal of supporting the European market in meeting the ambitious circular economy-focused policy requirements outlined in the EU Battery Regulation.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

Industry's Buzz

IDC Counters Report Of India Becoming $100 Bn Consumer Electronics Market By December 2024

0
Value growth mostly benefits the retailers, but the industry must understand that it is not necessarily the sign of market growth. Analysts have stated that...

Greater Noida-Based Firm’s New Tech Promises Analogue Signal Improvements

0
Seeking to enhance analogue signal performance with machine learning while ensuring reliability across diverse industries, semiconductor company Vervesemi has unveiled technology to address these. Vervesemi,...

NASA Deploys Underwater Robots To Collate Accurate Data on Antarctica’s Melting Ice Sheets

0
Although these robots do not have propulsion, they can easily drift with water currents, assisted by specialized software. The National Aeronautics and Space Administration (NASA)...

India To Lead Lithium-Ion Battery Exports, EV Incentives No Longer Needed, Says Minister

0
By the decade’s end, India is set to lead in lithium-ion battery exports and as costs drop and demand increases, the country may no...

Odisha Offered Rs 154.24 Crore Subsidy In EVs Since Fy 22-23, Claims Transport Minister

0
A subsidy of Rs 20,00 maximum will be provided in case of a two-wheeler, while Rs 30,000 will be provided for purchasing three-wheelers. Highlighting the...

Learn From Leaders

“We Aim To Create One Village-Level Drone Entrepreneur And One Agri-Entrepreneur Across India” –...

0
Being essential in agriculture, drone operation is not an amateur’s job. In a discussion with EFY’s Nitisha, Preet Sandhuu, Co-Founder of AVPL, discusses the...
Pankaj Kumar Gupta PureEV and Zelio E-Bikes

“In Cities Like Muzaffarnagar, Consumers Prefer Low-Speed EVs”

0
How are electric vehicle sales faring in India’s Tier-3 cities? Are low-speed Chinese scooters impacting the sales of legacy OEMs? Pankaj Kumar Gupta, a...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...
Mayank Jain Founder & CEO, E-Fill Electric

“We Have Achieved 95% Localisation For AC Charger Components And Over 45% For DC...

0
During a conversation with Nitisha from EFY, Mayank Jain of E-Fill Electric, discusses the company’s EV chargers and the unique patented features designed to...

Electric Shift: Exploring Zen Mobility’s Strategic Move Into EVs

0
“A pivot from tradition to transformation,” says Namit Jain of Zen Mobility, in an interaction with EFY in MOVES Ecosystem Dialogues. From the influence...

Startups

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

OLA’s AI Venture Krutrim To Release Silicon Chips

0
Ola’s Krutrim partners with Arm and Untether to manufacture AI silicon chips, with plans to integrate them into electric scooters. Krutrim, the AI startup founded...
Sharath Shyamasunder, Founder and CEO of The Startup Zone

“Unfortunately, Many Startups Are Not Aware Of The Policies”

0
Should startups funnel their funding and investments into their existing bank accounts, or is it wiser to open a separate one? What are the...