Volvo and CATL have joined forces to tackle the challenge of old electric vehicle (EV) batteries. Their mission? To recycle these retired batteries and give them a new lease on life.

As electric vehicle sales continue to climb, many batteries will eventually reach the end of their useful life. But Volvo believes it has a solution. Here's what they're up to:

1. Recycling Partnership: Volvo and CATL are teaming up to recycle old and scrapped EV batteries. These batteries will be disassembled, and over 90% of the key materials—including nickel, cobalt, and lithium—will be reclaimed.

2. New EV Batteries: CATL will then use these recycled materials to create brand-new EV batteries. These batteries will power Volvo's upcoming electric cars, contributing to a more sustainable future.

3. Commitment to Carbon Reduction: Volvo has been making significant strides in reducing its carbon footprint. Last year, they sold over 113,000 fully electric vehicles, accounting for 16% of their total vehicle sales. This year, with models like the affordable EX30 gaining traction, they expect even more growth. Volvo aims for EVs to make up 50% of total sales by the end of next year as they work toward their ambitious goal of an all-electric future by 2030¹\.

By recycling old EV batteries, Volvo and CATL are not only extending the lifespan of these components but also minimizing their environmental impact. It's a win-win for sustainability and the planet!