Iveco Group has selected BASF as its first partner to provide a recycling solution for the lithium-ion batteries of the Group’s electric vehicles.
This decision is part of Iveco Group’s circular economy strategy which follows the 4R Framework – Repair, Refurbish, Repurpose and Recycling – to increase the lifetime of the batteries while decreasing their overall environmental impact.
BASF, which has recently inaugurated Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany, will organize and manage the entire recycling process for the lithium-ion batteries used on Iveco Group electric vans, buses and trucks. The agreement includes the collection, packaging, transport, and recycling of batteries, in various European countries including, among others, France, Germany and UK. After collection, BASF will mechanically process the batteries to black mass, from which critical raw materials – such as nickel, cobalt, lithium – can be extracted and recovered for use in the manufacturing of new batteries.