Ascend Elements will supply Koura with up to 5,000 tonnes of recycled lithium carbonate per year. Koura will use the recycled lithium carbonate in lithium-ion battery materials for the US and European markets, including lithium hexafluorophosphate (LiPF6), a key electrolyte salt.
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Honda has entered into an agreement in principle with US-based Ascend Elements to supply recycled battery materials for its electrified vehicles. Through the cooperation, Honda aims to secure a stable supply of nickel, cobalt and lithium from lithium-ion batteries recycled by Ascend Elements.
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US-based Ascend Elements has raised funding totalling $300 million. The company began building its factory to produce sustainable battery materials for electric vehicles in southwestern Kentucky a few days ago.
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The US company Ascend Elements has announced plans to invest up to one billion US dollars in a factory to produce sustainable battery materials for electric vehicles in southwestern Kentucky. Production shall start at the end of 2023.
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