Industrials / Energy TechAutomotive Tech

Best Electric Vehicle (EV) Battery Recycling Companies

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What is Electric Vehicle (EV) Battery Recycling?

The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode active material again and again. By becoming a source for high-performance materials, battery recycling can become an essential part of the overall battery supply chain, reducing the overall cost and carbon footprint of battery materials. The market is driven by strong demand for EV batteries and the shortage of raw materials like lithium, which makes recycling a sustainable source of these materials.

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Top Electric Vehicle (EV) Battery Recycling Companies

Umicore logo
Umicore

Belgium / Founded Year: 1805

Umicore is a global materials technology and recycling group, operating in the fields of material science, chemistry, and metallurgy. The company's main offerings include the development, production, and recycling of materials, with a focus on clean technologies such as emission control catalysts, materials for rechargeable batteries, and recycling solutions. Umicore primarily serves sectors that tackle global megatrends, including the catalysis, energy, and surface technologies, and recycling industries. It was founded in 1805 and is based in Brussels, Belgium.

Northvolt logo
Northvolt

Sweden / Founded Year: 0000

Northvolt focuses on the battery industry. The company's main offerings include the manufacturing of batteries with a lower carbon footprint, as well as the recycling of used batteries into raw materials for new ones. Northvolt primarily sells to sectors such as the automotive industry, construction, and grid systems. It was founded in 2016 and is based in Stockholm, Sweden.

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ExxonMobil logo
ExxonMobil

United States / Founded Year: 0000

ExxonMobil is a multinational oil and gas company. The company's main services include the exploration, production, and sale of crude oil, natural gas, and petroleum products. ExxonMobil primarily serves the energy industry. It was founded in 1999 and is based in Spring, Texas.

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Redwood Materials logo
Redwood Materials

United States / Founded Year: 0000

Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.

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Ascend Elements logo
Ascend Elements

United States / Founded Year: 0000

Ascend Elements specializes in the production of battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into materials for use in new electric vehicle (EV) batteries. It serves electric vehicle original equipment manufacturers (OEMs), battery manufacturers, and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. It was founded in 2015 and is based in Westborough, Massachusetts.

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Contemporary Amperex Technology logo
Contemporary Amperex Technology

China / Founded Year: 0000

Contemporary Amperex Technology specializes in advanced battery technology and new energy solutions within the energy sector. The company offers a range of products including electric vehicle batteries, energy storage systems, and customized power solutions for various applications. Its primary customers are in the electric vehicle industry and the broader energy storage market. It was founded in 2011 and is based in Ningde, Fujian.

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Lohum logo
Lohum

India / Founded Year: 0000

Lohum specializes in lithium-ion battery recycling and the production of sustainable battery materials within the clean technology sector. The company offers a suite of services including battery raw materials recovery, second-life battery applications, and low-carbon refining processes, all aimed at fostering a circular economy for batteries. Lohum primarily serves sectors that require energy storage solutions and sustainable battery materials, such as the electric vehicle industry and renewable energy storage providers. It was founded in 2018 and is based in Greater Noida, India.

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All Companies in Electric Vehicle (EV) Battery Recycling

Cirba Solutions logo
Cirba Solutions

United States / Founded Year: 0000

Cirba Solutions is a company focused on sustainable battery recycling and material processing in the waste management industry. The company offers services such as electric vehicle battery recycling, battery deinstallation, battery maintenance, and battery inventory management & distribution, all aimed at diverting end-of-life batteries away from landfills and recycling each component safely. Cirba Solutions primarily serves the electric vehicle industry and other sectors that require battery recycling solutions. It was founded in 1991 and is based in Howell, Michigan.

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Cylib logo
Cylib

Germany / Founded Year: 0000

Cylib specializes in battery recycling within the renewable energy and waste management sectors. The company offers a process for the recycling of lithium-ion batteries, transforming waste into marketable raw materials. Its process is designed to serve the electric vehicle industry by recovering valuable elements from end-of-life batteries and production scrap. It was founded in 2022 and is based in Aachen, Germany.

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Green Li-Ion logo
Green Li-Ion

Singapore / Founded Year: 0000

Green Li-Ion is a lithium-ion battery recycling technology company focused on producing modular hardware solutions for the battery recycling sector. The company's main offerings include converting spent batteries into cathode and anode materials that are ready for integration into the manufacturing processes of various types of batteries. It was founded in 2020 and is based in Singapore, Singapore.

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Li Industries logo
Li Industries

United States / Founded Year: 0000

Li Industries specializes in developing advanced battery recycling technologies within the climate tech sector. The company offers solutions such as Smart Battery Sorting and Direct E2E Li-ion Battery Recycling. Li Industries primarily serves lithium-ion battery manufacturers, cathode producers, battery recyclers, and collectors. It was founded in 2017 and is based in Pineville, North Carolina.

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Li-Cycle logo
Li-Cycle

Canada / Founded Year: 0000

Li-Cycle focuses on lithium-ion battery resource recovery in the recycling industry. The company specializes in the recovery of critical materials from all types of lithium-ion batteries, reintroducing them into the supply chain with a high recovery rate using their patented Spoke & Hub Technologies. Its services cater to the recycling needs of various sectors, including the electric vehicle industry and battery manufacturers. It was founded in 2016 and is based in Toronto, Canada.

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Lithion Recycling logo
Lithion Recycling

Canada / Founded Year: 0000

Lithion Recycling is a company focused on the sustainable production of strategic materials from lithium-ion batteries, operating in the recycling and energy sectors. The company's main service involves the recovery and reuse of up to 95% of the components of lithium-ion batteries, which are commonly used in electric vehicles and portable electronics. This service is aimed at reducing the environmental impact of these batteries and making the energy transition more sustainable. It was founded in 2017 and is based in Anjou, Quebec.

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Princeton NuEnergy logo
Princeton NuEnergy

United States / Founded Year: 0000

Princeton NuEnergy operates as a clean-technology company. The company offers a solution for recycling lithium-ion batteries, using its low-temperature plasma-assisted separation technology. Its technology allows the company to produce cathode active materials from spent lithium-ion batteries, which are primarily used in electric vehicles, consumer electronics, and energy storage batteries. It was founded in 2019 and is based in Bordentown, New Jersey.

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Tianneng New Material logo
Tianneng New Material

China / Founded Year: 0000

Tianneng New Material specializes in the recycling, disposal, and reuse of waste lithium batteries within the materials industry. The company's main offerings include the safe recovery and re-utilization of spent lithium batteries, as well as the production of lithium carbonate and the re-manufacturing of battery materials for reuse in battery production. It was founded in 2018 and is based in Huzhou, Zhejiang .

Our Methodology

The ESP matrix leverages data and analyst insight to identify and rank leading private-market companies in a given technology landscape.

What is Electric Vehicle (EV) Battery Recycling?

The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode active material again and again. By becoming a source for high-performance materials, battery recycling can become an essential part of the overall battery supply chain, reducing the overall cost and carbon footprint of battery materials. The market is driven by strong demand for EV batteries and the shortage of raw materials like lithium, which makes recycling a sustainable source of these materials.

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