SK ecoplant will build a $65.8 million battery recycling facility in the United States with TES and Ascend Elements.
Doosan Enerbility will establish a battery recycling subsidiary, a major move for its entry into the growing electric vehicle market.
Ascend Elements, a U.S. battery recycling start-up, landed a $1 billion battery material deal with an unnamed U.S. carmaker, its largest shareholder SK ecoplant said Thursday.
LG Chem is investing 29 billion won ($22.5 million) in Jae Young Tech, a local battery recycling company.
Doosan Enerbility is teaming up with L&F, a Daegu-based cathode material supplier, to recycle battery materials.
Posco Holdings will establish a battery recycling joint venture with GS Energy, the companies said Thursday.
SK ecoplant will enter the European battery recycling market with CNGR, a Chinese battery material supplier, the Korean engineering company said Thursday.
LG Chem and its wholly-owned battery subsidiary LG Energy Solution together acquired a 2.6-percent stake in Canadian battery recycling company Li-Cycle.
Posco HY Clean Metal on Thursday broke ground on a 120 billion won ($101.3 million) secondary battery recycling plant in Yulchon Industrial Complex in South Jeolla.
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