Doosan Enerbility to establish battery recycling subsidiary
Published: 28 Jul. 2023, 14:04
The Korean company said on Friday its board of directors approved an item on its agenda to set up Doosan Recycle Solution, a unit to reprocess waste batteries to collect lithium, a core material for EV battery cells.
Doosan Enerbility in 2021 developed a technology that extracts lithium from used batteries, which can then be reused to make EV batteries.
The company will build a manufacturing facility that will have 3,000 tons of production capacity. The facility aims to open in the second half of 2025.
“We decided to establish a subsidiary with an independent management system to dominate business opportunities in the rapidly growing battery recycling market,” Doosan Enerbility Vice President Choi Jae-hyuk said.
“We endeavor to accelerate the business growth with fast decision-making and expertise, utilizing our own competitive technology,” Choi added.
BY SARAH CHEA [[email protected]]
with the Korea JoongAng Daily
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