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Global Auto Trade Network Information, 1On May 24, Iveco, a manufacturer of trucks and buses, partnered with BASF to ** batteries.
Reuters).
Italian truck and bus maker Iveco Group said on Tuesday that it will open up new areas for the use of lithium-ion batteries for its electric vehicles in cooperation with German chemical group BASF.
The companies said in a statementThe agreement is part of IVECO's circular economy strategy, which aims to extend the life of batteries and reduce their overall environmental impact, but no financial details were provided.
It is also in line with the so-called extended PRP approach, which extends the responsibility of manufacturers to the entire life cycle of the products they launch on the market, including the management of the post-consumer phase and the end of the use cycle.
BASF, one of the leading manufacturers of automotive battery chemicals, recently opened a battery materials production and battery ** center in Schwarzheide, Germany.
According to the agreement with Iveco,BASF will arrange the entire process for the lithium-ion batteries that Iveco uses in its electric vans, buses and trucks, including collection, packaging, transportation and ** in some European countries.
BASF will mechanically process these batteries into "black substances" from which raw materials such as nickel, cobalt and lithium will be extracted and reused. Then, it will be the local battery industry in Europe *** metal.
Angela Qu, Chief Chain Officer at IVECO, said in a statement that BASF's "extensive battery collection network and capabilities in Europe will help us complete the cycle from end-of-life batteries to new ones." ”
Compiler: Global Auto Trade Network yuke).