March 22, 2018

Chinese electric vehicle (EV) maker BYD Co will open a battery recycling plant in Shanghai in the second quarter as it looks to reduce raw material costs and help to address battery waste, a spokeswoman said on Wednesday.

BYD has been building the plant and will hold a opening ceremony in April or later in the second quarter, brand communication manager Mia Gu told Reuters in Beijing. Rising costs of EV battery materials, such as lithium and cobalt, are part of the reason for BYD’s move into recycling, Gu said. “But the most important driving factor is environmental protection,” she added.

ARTICLE: Chinese Carmaker BYD Close to Completing Battery Recycling Plant

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