Ascend Elements will collaborate with Honda Motor Co., Ltd. to supply recycled lithium-ion battery materials for Honda electric vehicles in North America. The use of recycled battery materials in new EV batteries can dramatically reduce the carbon footprint of electric vehicles.
"Honda is aiming for zero environmental impact by 2050 and sourcing recycled battery materials for its electric vehicles is a huge part of that," says Mike O'Kronley, CEO of Ascend Elements. "We're honoured to continue our strategic relationship with Honda in North America."
Ascend Elements has recycled used lithium-ion batteries for American Honda Motor Co. since 2021. The new agreement is an important step toward creating a closed-loop supply chain for recycled battery materials – including lithium, nickel, and cobalt – leveraging the efficiencies and environmental benefits of Ascend Elements' Hydro-to-Cathode direct precursor synthesis process. Ascend Elements' products include recycled lithium, nickel, and cobalt, as well as sustainable cathode precursor (pCAM) and cathode active materials (CAM) – all made from used lithium-ion batteries and manufacturing scrap.
