Vingroup, Li-Cycle assess recycling plan

Vingroup, Li-Cycle assess recycling plan

Vingroup, Li-Cycle assess recycling plan 401 219 Energy Storage Journal

April 13, 2023: Vietnam’s Vingroup and Canada’s Li-Cycle are assessing proposals to build a lithium ion recycling plant in Vietnam, the companies revealed on April 12.

The plant could be built near battery manufacturing facilities operated by Vingroup’s VinES Energy Solutions subsidiary, under an agreement where Li-Cycle would become VinES’ preferred recycling partner for its Vietnamese-sourced battery materials from 2024.

The move comes five months after the firms agreed to form an international battery recycling partnership.

Separately, on April 10, VinES said it was joining forces with Turkey’s Altinay Elektromobilite to produce advanced batteries as part of a full-service business for energy storage and mobility systems in the Turkish market.

Altinay general manager Mert Uygun said the partners also aimed to attract investment from the domestic energy sector.

VinES will offer the technology, system design, production and verification of the ESS units, while Altinay will head up sales and marketing as well as after-sales services in the Turkish market, Uygun said.

Altinay will also draw on its own experience of designing and building lithium-based energy storage systems and battery packs over the past 12 years, Uygun said.

Energy Storage Journal reported last November that Vingroup auto subsidiary VinFast had agreed to expand cooperation with China’s Contemporary Amperex Technology to develop battery systems for the EVs market.