Japanese company says it can recycle lithium ion batteries at cheaper prices than using fresh material. Company said its method will remain competitive even if mined lithium falls from today’s almost $30/kg to around $5-6/kg.

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The following submission statement was provided by /u/thispickleisntgreen: — Really seems like many people are working very hard to make money off electric car battery trash. I remember a Tesla talk where they suggested it be more cost effective to recycle batteries than to make them last longer times. If it’s cheaper to reuse old batteries, then I imagine vehicle owners will be paid for those batteries as there will be a market demand. Wonder if this resale value can be used to subsidize the purchase price dash or drive upgrades to the battery pack making the car body last longer. Maybe we’ll refresh our battery packs every 5 years. — Please reply to OP’s comment here: /r/Futurology/comments/r0vvag/japanese_company_says_it_can_recycle_lithium_ion/hluyel7/

FuturologyBot

Really seems like many people are working very hard to make money off electric car battery trash. I remember a Tesla talk where they suggested it be more cost effective to recycle batteries than to make them last longer times. If it’s cheaper to reuse old batteries, then I imagine vehicle owners will be paid for those batteries as there will be a market demand. Wonder if this resale value can be used to subsidize the purchase price dash or drive upgrades to the battery pack making the car body last longer. Maybe we’ll refresh our battery packs every 5 years.

thispickleisntgreen

So Sumitomo Metals is the next big thing on r/wallstreetbets ?

bciesil

With the rise of E-bikes, E-Scooters and E-Mopeds with Battery Packs. This is the step further.

MoonParkSong

My bullshit radar has alarms blaring. This implies that their profit margin is **massive**.

jweezy2045