{"id":3004,"date":"2023-08-08T11:50:16","date_gmt":"2023-08-08T11:50:16","guid":{"rendered":"https:\/\/lgensol.pl\/?p=3004"},"modified":"2024-08-28T12:36:15","modified_gmt":"2024-08-28T12:36:15","slug":"lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling","status":"publish","type":"post","link":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/","title":{"rendered":"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling"},"content":{"rendered":"\n<p><strong>\u2022 Two plants to be built in China, one for pretreatment (Nanjing) and the other for post-processing (Quzhou) &nbsp;<\/strong><\/p>\n\n\n\n<p><strong>\u2022 The JV to reinforce LGES\u2019s drive for closed-loop system and promote its cost-competitiveness in securing key battery raw materials<\/strong><\/p>\n\n\n\n<p><strong>SEOUL, August 8, 2023 <\/strong>\u2013 LG Energy Solution (LGES; KRX: 373220) announced the establishment of its first battery recycling joint venture (JV) with Zhejiang Huayou Recycling Technology Co., Ltd (hereinafter referred to as \u201cHuayou Recycling\u201d), a subsidiary of Huayou Cobalt.<\/p>\n\n\n\n<p>LGES and Huayou Recycling signed the JV establishment agreement at Huayou Cobalt\u2019s Tongxiang headquarters in China on August 7, with the attendance of Dongsoo Kim, Senior Vice President of Procurement Center at LGES; Xuehua Chen, Chairman of Huayou Cobalt; and Wei Bao, General Manager of Huayou Recycling.<\/p>\n\n\n\n<p>The new JV will oversee the construction of two battery recycling plants in China\u2014a pretreatment plant in Nanjing, where LGES is currently operating its battery production facility, and a post-processing plant in Quzhou, a strategic location to utilize Huayou Cobalt\u2019s pre-existing infrastructure.<\/p>\n\n\n\n<p>Once the production starts in late 2024, battery scrap generated from LGES Nanjing facility, as well as waste batteries collected by Huayou Recycling, will be delivered to the joint venture company to produce recycled metals, including nickel, cobalt and lithium, which will be processed and supplied back to the LGES Nanjing plant.<\/p>\n\n\n\n<p>Through the JV, LGES will ensure a stable supply of waste batteries and battery scraps that are vital to the company\u2019s initiative toward establishing an integrated closed-loop manufacturing system, and further strengthen its competitive edges in securing key battery raw materials.<\/p>\n\n\n\n<p>LGES will also reinforce its cost-competitiveness by increasing the amount of retrieved metals through adopting new techniques, as well as cutting back recycling costs. In addition, by situating both the pre-treatment and post-processing facilities in proximity to its Nanjing plant, LGES will be able to establish more solid closed-loop recycling system in China.<\/p>\n\n\n\n<p>Establishing a closed-loop system of battery manufacturing is a key priority task for LGES in realizing its ESG vision. The company is proactively implementing ESG-related practices, such as reusing or recycling end-of-life batteries and managing waste generated at its business sites. In China, LGES has already completed the establishment of recycling system at its Nanjing facility in 2022. Globally, the company has secured strategic partnerships with leading recyclers to establish end-of-life batteries collection system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The JV to reinforce LGES\u2019s drive for closed-loop system and promote its cost-competitiveness in securing key battery raw materials<\/p>\n","protected":false},"author":9,"featured_media":5447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[75,74],"class_list":["post-3004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-joint-venture-2","tag-jv"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution\" \/>\n<meta property=\"og:description\" content=\"The JV to reinforce LGES\u2019s drive for closed-loop system and promote its cost-competitiveness in securing key battery raw materials\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/\" \/>\n<meta property=\"og:site_name\" content=\"LG Energy Solution\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T11:50:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-28T12:36:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"JOANNA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"JOANNA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/\"},\"author\":{\"name\":\"JOANNA\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#\\\/schema\\\/person\\\/e4356ef1547031e1c5ea43db6af11a96\"},\"headline\":\"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling\",\"datePublished\":\"2023-08-08T11:50:16+00:00\",\"dateModified\":\"2024-08-28T12:36:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/\"},\"wordCount\":397,\"publisher\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg\",\"keywords\":[\"Joint Venture\",\"jv\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/\",\"url\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/\",\"name\":\"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg\",\"datePublished\":\"2023-08-08T11:50:16+00:00\",\"dateModified\":\"2024-08-28T12:36:15+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\\\/#primaryimage\",\"url\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg\",\"contentUrl\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg\",\"width\":1920,\"height\":1280,\"caption\":\"LG-Energy-Solution-zak\u0142ada-swoja\u0328-pierwsza\u0328-wspo\u0301lna\u0328-spo\u0301\u0142ke\u0328\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#website\",\"url\":\"https:\\\/\\\/lgensol.pl\\\/\",\"name\":\"LG Energy Solution\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/lgensol.pl\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#organization\",\"name\":\"LG Energy Solution\",\"url\":\"https:\\\/\\\/lgensol.pl\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/main-logo.svg\",\"contentUrl\":\"https:\\\/\\\/lgensol.pl\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/main-logo.svg\",\"width\":211,\"height\":39,\"caption\":\"LG Energy Solution\"},\"image\":{\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lgensol.pl\\\/#\\\/schema\\\/person\\\/e4356ef1547031e1c5ea43db6af11a96\",\"name\":\"JOANNA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g\",\"caption\":\"JOANNA\"},\"sameAs\":[\"https:\\\/\\\/lgensol.pl\"],\"url\":\"https:\\\/\\\/lgensol.pl\\\/en\\\/author\\\/joanna-silska\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/","og_locale":"en_US","og_type":"article","og_title":"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution","og_description":"The JV to reinforce LGES\u2019s drive for closed-loop system and promote its cost-competitiveness in securing key battery raw materials","og_url":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/","og_site_name":"LG Energy Solution","article_published_time":"2023-08-08T11:50:16+00:00","article_modified_time":"2024-08-28T12:36:15+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","type":"image\/jpeg"}],"author":"JOANNA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"JOANNA","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/#article","isPartOf":{"@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/"},"author":{"name":"JOANNA","@id":"https:\/\/lgensol.pl\/#\/schema\/person\/e4356ef1547031e1c5ea43db6af11a96"},"headline":"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling","datePublished":"2023-08-08T11:50:16+00:00","dateModified":"2024-08-28T12:36:15+00:00","mainEntityOfPage":{"@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/"},"wordCount":397,"publisher":{"@id":"https:\/\/lgensol.pl\/#organization"},"image":{"@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/#primaryimage"},"thumbnailUrl":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","keywords":["Joint Venture","jv"],"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/","url":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/","name":"LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution","isPartOf":{"@id":"https:\/\/lgensol.pl\/#website"},"primaryImageOfPage":{"@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/#primaryimage"},"image":{"@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/#primaryimage"},"thumbnailUrl":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","datePublished":"2023-08-08T11:50:16+00:00","dateModified":"2024-08-28T12:36:15+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lgensol.pl\/en\/lg-energy-solution-establishes-its-first-battery-recycling-joint-venture-with-huayou-recycling\/#primaryimage","url":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","contentUrl":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","width":1920,"height":1280,"caption":"LG-Energy-Solution-zak\u0142ada-swoja\u0328-pierwsza\u0328-wspo\u0301lna\u0328-spo\u0301\u0142ke\u0328"},{"@type":"WebSite","@id":"https:\/\/lgensol.pl\/#website","url":"https:\/\/lgensol.pl\/","name":"LG Energy Solution","description":"","publisher":{"@id":"https:\/\/lgensol.pl\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lgensol.pl\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lgensol.pl\/#organization","name":"LG Energy Solution","url":"https:\/\/lgensol.pl\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lgensol.pl\/#\/schema\/logo\/image\/","url":"https:\/\/lgensol.pl\/wp-content\/uploads\/2024\/02\/main-logo.svg","contentUrl":"https:\/\/lgensol.pl\/wp-content\/uploads\/2024\/02\/main-logo.svg","width":211,"height":39,"caption":"LG Energy Solution"},"image":{"@id":"https:\/\/lgensol.pl\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/lgensol.pl\/#\/schema\/person\/e4356ef1547031e1c5ea43db6af11a96","name":"JOANNA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7c35978b89b4f5662edba5a80e07f19d978cce196dfd5b47e168e87b1e16d1b5?s=96&d=mm&r=g","caption":"JOANNA"},"sameAs":["https:\/\/lgensol.pl"],"url":"https:\/\/lgensol.pl\/en\/author\/joanna-silska\/"}]}},"jetpack_featured_media_url":"https:\/\/lgensol.pl\/wp-content\/uploads\/2023\/12\/LG-Energy-Solution-zaklada-swoja-pierwsza-wspolna-spolke.jpg","_links":{"self":[{"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/posts\/3004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/comments?post=3004"}],"version-history":[{"count":1,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/posts\/3004\/revisions"}],"predecessor-version":[{"id":9955,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/posts\/3004\/revisions\/9955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/media\/5447"}],"wp:attachment":[{"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/media?parent=3004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/categories?post=3004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lgensol.pl\/en\/wp-json\/wp\/v2\/tags?post=3004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}