Volvo Cars and CATL establish efficient, collaborative and transparent management mechanism

According to the agreement between the two parties, in the future, Volvo Cars will recycle retired batteries from its new energy vehicles sold on the market, as well as batteries scrapped during the factory production process, and hand them over to Volvo's certified downstream suppliers to dismantle the used batteries and extract more than 90% of metal materials such as nickel, cobalt, and lithium.