Top 10 Companies in Electric Vehicles (EV) Battery Recycling
As the world shifts toward sustainable transportation, electric vehicles (EVs) have emerged as a cornerstone of the green revolution. However, with the rapid rise in EV adoption comes a pressing question: what happens to the batteries once they reach the end of their life? EV battery recycling is becoming a critical piece of the clean energy puzzle, offering a way to recover valuable materials, reduce environmental impact, and support a circular economy. In this blog, we’ll explore the growing importance of EV battery recycling, the technologies driving innovation in the field, and the challenges the industry must overcome to make battery reuse and recovery both efficient and sustainable.
Electric Vehicles (EV) Battery Recycling Market Size Statistics
The Global Electric Vehicle (EV) Battery Recycling Market was valued at US$ 7 billion in 2024.
Electric Vehicle (EV) Battery Recycling Market is forecasted to grow significantly, reaching over US$ 50 billion by 2032.
As per Vertex, Global Electric Vehicle (EV) Battery Recycling Market is projected to grow at a CAGR of 27% from 2025 to 2032.
How EV Battery Recycling Companies Are Powering a Green Future?
As electric vehicles (EVs) surge in popularity, their batteries — the heart of clean mobility — eventually reach the end of their lifecycle. This shift has opened up a vital new frontier: battery recycling. EV battery recycling companies are emerging as unsung heroes in the transition to a greener future, ensuring that sustainability doesn’t stop once a battery is retired.
These companies are doing more than just managing waste — they’re recovering valuable raw materials like lithium, cobalt, and nickel, which are essential for producing new batteries. By closing the loop, they reduce the need for resource-intensive mining, cut down on carbon emissions, and help stabilize global supply chains. Some even go a step further by repurposing old batteries for second-life applications, such as renewable energy storage and grid backup systems.
Through innovative technologies and responsible practices, EV battery recycling companies are playing a crucial role in the circular economy. Their efforts not only support cleaner transportation but also contribute to the broader goal of a low-carbon, resource-efficient world. In essence, they're transforming yesterday’s batteries into tomorrow’s energy solutions — and that’s how they’re powering a truly green future.
Top 10 Companies in Electric Vehicles (EV) Battery Recycling
- CATL
Founded: 2011
Headquarters: Ningde, China
Subsidiaries: Contemporary Amperex Technology Canada Limited · See more
Contemporary Amperex Technology Co., Limited is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems.
- Eco-Bat Technologies
Founded: 1994
Parent organization: Ecobat Holdings, Inc.
As the world leader in battery recycling and lead production, we leverage cutting-edge technologies and our network of facilities and service providers to develop innovative products that meet the ever-growing demand for more efficient and reliable energy storage solutions. We are guided in everything we do by our commitment to the well-being of our team members, partners, communities, and the planet.
- Eramet
Founded: 18 May 1880
Headquarters: Paris, France
Eramet is a French multinational mining and metallurgy company, listed on the Euronext Paris exchange under the symbol ERA. The company produces non-ferrous metals and derivatives, nickel alloys and superalloys, and high-performance special steels.
- Glencore plc
Founded: 1974
Headquarters: Baar, Switzerland
Founder: Marc Rich
Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland.
- LG Energy Solution Ltd
Founded: December 2020
Headquarters: South Korea
LG Energy Solution Ltd. is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery makers in the world alongside CATL, Panasonic, SK Innovation, and Samsung SDI.
- Fortum
Founded: 1998
Headquarters: Espoo, Finland
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat.
- Li-Cycle
Founded: 2016
Headquarters: Toronto, Canada
Li-Cycle is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, Li-Cycle is on a mission to recover critical battery-grade materials to create a local closed-loop battery supply chain to bolster domestic energy independence.
- Eramet
Founded: 1880
Headquarters: Paris, France
Eramet is a French multinational mining and metallurgy company, listed on the Euronext Paris exchange under the symbol ERA. The company produces non-ferrous metals and derivatives, nickel alloys and superalloys, and high-performance special steels.
- RecycLiCo Battery Materials
Founded: 1987
Headquarters: Surrey, Canada
RecycLiCo Battery Materials recovers up to 99% of cathode metals from battery waste and upcycles them into high purity, battery-ready materials.
- LOHUM
Founded: 2018
Headquarters: India
LOHUM powers next-gen li-ion battery mobility & energy solutions, gives batteries multiple lives through reuse technology, and makes battery materials last forever through recycling.
