Lime will recycle bike and scooter batteries with Redwood Materials [Verge, The]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Verge, The
Lime, the largest bike- and scooter-sharing company in the world , announced that it has struck a deal with Redwood Materials to recycle its lithium-ion batteries. Lime says its e-bike and e-scooter batteries typically last 500 charge cycles, or between five and seven years. Once those batteries reach their end of life, Lime will ship them to Redwood's North Nevada recycling facility , where the first step will be to figure out how much of the battery is reusable, such as various connectors, wires, plastics, and other components. After that, Redwood will begin a chemical recycling process, in which it strips out and refines the relevant elements like nickel, cobalt, and copper. Most of that refined material can then be reintegrated into the battery-making process. The company takes the materials and transforms them into “high-quality” battery materials that can then be sold back to its many partners to make new EV batteries. Around 95–98 percent of these materials are eventually
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