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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] LG Energy Solution (LGES) and Toyota Tsusho Corporation, the trading arm of Japan’s Toyota Group, have announced the establishment of a battery recycling joint venture in the United States. The two companies held a signing ceremony for the agreement and confirmed plans to form Green Metals Battery Innovations, LLC (GMBI), located in Winston-Salem, North Carolina.
GMBI will serve as a pre-treatment facility specializing in the safe collection, crushing, and processing of end-of-life batteries and production scrap to produce black mass, a concentrated material containing valuable metals. These materials—such as lithium, cobalt, and nickel—will be further refined through post-processing and reused to manufacture cathode materials and new electric vehicle (EV) batteries for Toyota.
Toyota Tsusho will play a key role in establishing a stable raw materials supply chain. The facility will have an annual processing capacity of up to 13,500 metric tons—equivalent to over 40,000 EV batteries per year.
Construction is scheduled to begin in the second half of 2025, with full operations expected to commence in 2026.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
