LG Energy Solution and Toyota Tsusho Establish a Battery Recycling Joint Venture in the U.S.

-The joint venture company Green Metals Battery Innovations will construct a pre-processing facility in North Carolina to extract black mass, a key material for battery recycling
-The new facility objective is to achieve an annual processing capacity of 13,500 tons of scrap, equivalent to over 40,000 automotive batteries
-LG Energy Solution’s first battery recycling JV in North America signifies a strong commitment to collaboration on a closed-loop system and circular economy