German startup Cylib starts building Europe’s largest EV battery recycling plant
German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company. The state-of-the-art facility, located at Chempark on the outskirts of Düsseldorf, will spread across three football pitches. Once operational — scheduled for 2026 — the plant is slated to recycle 30,000 tons of EV batteries a year. For context, the average EV battery weighs about 500kg so Cylib’s plant will be able to process around 60,000 EV batteries per annum. This is far more than Europe’s current largest such facility,…This story continues at The Next Web
German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company. The state-of-the-art facility, located at Chempark on the outskirts of Düsseldorf, will spread across three football pitches. Once operational — scheduled for 2026 — the plant is slated to recycle 30,000 tons of EV batteries a year. For context, the average EV battery weighs about 500kg so Cylib’s plant will be able to process around 60,000 EV batteries per annum. This is far more than Europe’s current largest such facility,…
This story continues at The Next Web