LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant’s alliance with the world’s largest automaker, Toyota Motor Corp., in the electric vehicle (EV) sector.

LG Energy Solution on Thursday announced that the JV, called Green Metals Battery Innovations LLC (GMBI), will dismantle and shred battery production scrap to extract black mass, which contains valuable raw metals, such as nickel, cobalt and lithium.