Recently, BMW Group and Zhejiang Huayou Cycle Technology Co., Ltd. (hereinafter referred to as "Huayou Cycle") signed a cooperation agreement on the cascade utilization of power batteries and closed-loop recycling of battery materials.
The two parties announced to work together in the field of new energy vehicles to create an innovative cooperation model of closed-loop recycling and cascade utilization of power battery materials, realizing the closed-loop recycling of BMW’s domestic electric vehicle power battery raw materials and the closed-loop management of power battery raw materials for the first time.
According to the cooperation agreement between the two parties, BMW Group and Huayou Cycle will cooperate to dismantle the power battery, and use Huayou Cycle's advanced green metallurgy technology to extract a high proportion of core raw materials such as nickel, cobalt and lithium in the battery. Different from the original way of dismantling and recycling power batteries, the closed-loop recycling mode of power battery materials can realize that 100% of the core raw materials refined in a high proportion are returned to BMW's own supply chain system and used again in the power batteries of BMW's new energy vehicles. Manufacturing, so as to realize the recycling of resources. This move will effectively reduce 70% of the carbon emissions in the mining of mineral resources, and significantly reduce the carbon footprint of the power battery throughout its life cycle.
Huayou Cobalt said that through the deepened cooperation between the two parties, the residual value of retired power batteries will be fully utilized, and the carbon emissions from the mining and production of power battery raw materials will also be greatly reduced. The lithium battery recycling business is the company's key business in the future. At the same time, the company has also cooperated with a number of well-known vehicle companies to develop and undertake the regeneration of retired batteries, and has cooperated with a number of well-known battery companies to exchange waste for materials. Cooperation on recycling and recycling of retired batteries.
The BMW Group is also accelerating the electrification process. In 2022, the BMW Group will mass-produce and trial-produce 15 pure electric models; the "new generation" models based on the new architecture will start trial production in 2024 and debut in 2025; By the end of 2025, the BMW Group plans to deliver 2 million pure electric vehicles worldwide; by 2030, the annual global sales of pure electric vehicles will exceed 1.5 million.
In the first quarter of this year, the BMW Group successfully delivered 208,507 BMW and MINI cars and 2,990 BMW Motorrad motorcycles in China. Among them, the sales of pure electric models tripled from the same period last year, driven by BMW iX, BMWi4, BMW iX3 and other models, and the momentum of electrification strategy is strong.
