Electric Vehicle (EV) Battery Recycling Industry Set for Explosive Growth Through 2032 | Most Leading Companies - Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc., Stena Metall AB, ACCUREC-Recycling GmbH, Li-Cycle Corp

DataM Intelligence has published a new research report on "Electric Vehicle Battery Recycling Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

In October 2024, the U.S. Department of Energy announced a US$44.8 million investment to support eight projects aimed at reducing battery recycling costs. Additionally, in October 2022, Amazon committed US$974.8 million to accelerate fleet electrification across Europe, focusing on expanding its network of electric vans and charging infrastructure.

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The Electric Vehicle Battery Recycling market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Latest M&A Activity

Major M&A deals in EV battery recycling show strategic consolidations for technological advancement and geographic expansion:

LG Energy Solution and Derichebourg (France) announced a joint venture in 2025 to establish a battery recycling facility in Europe that recovers critical metals like lithium, cobalt, and nickel.​

Ultium Cells LLC (a JV between General Motors and LGES) partnered with Li-Cycle for recycling battery components from EV sccraap and production waste, establishing a closed-loop supply chain.​

Other significant investments include expansions by companies like Redwood Materials, founded by Tesla's former CTO, focusing on recovering up to 98% of valuable metals from batteries.

Forecast Growth Projected:

The Global Electric Vehicle Battery Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Electric Vehicle Battery Recycling Market:

GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc., Stena Metall AB, ACCUREC-Recycling GmbH.

Segment Covered in the Electric Vehicle Battery Recycling Market:

By Battery Type: Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide

By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers, Others

By Process: Hydrometallurgical, Pyrometallurgical, Mechanical, Others

By Application: Electric Vehicles, Energy Storage Systems, Consumer Electronics, Others

Key Industry Developments

In December 2024, Glencore partnered with Li-Cycle Holdings Corp, a global leader in lithium-ion battery resource recovery, to evaluate the feasibility of establishing a new Hub facility in Portovesme, Italy, including concept development and a pre-feasibility study.

In September 2024, SK Tes inaugurated a lithium-ion and EV battery recycling plant in the Netherlands, capable of processing up to 10,000 metric tons of battery materials annually.

In July 2024, subsidiaries of GEM Co. - Fulan Qingmei Energy Materials Co., Ltd. and Wuhan Power Battery Recycling Technology Co., Ltd. - signed a cooperation agreement with Shenzhen Eigen Equation Graphene Technology Co., Ltd. to jointly advance graphene lithium (manganese) phosphate material industrialization.

In June 2024, Fortum and Marubeni Corporation signed an MoU to collaboratively develop a sustainable lithium-ion battery recycling chain, with a key focus on graphite recovery.

Regional Analysis:

The global Electric Vehicle Battery Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

Recent Market News & Trends

The global EV battery recycling market was valued at around $15 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of approximately 25% from 2025 to 2033, reaching upwards of $75 billion by 2033.​

Sustainability and regulatory policies are pushing manufacturers to invest in recycling to secure raw material supply and reduce environmental impact. For example, the European Union mandates 95% recovery of critical battery materials including cobalt, lithium, and nickel from collected waste batteries.​

Technological advances in recycling include hydrometallurgical, pyrometallurgical, and direct/mechanical recycling methods, along with innovations in second-life battery applications for energy storage.

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Regional Analysis:

The global Electric Vehicle Battery Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Electric Vehicle Battery Recycling Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Electric Vehicle Battery Recycling manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Electric Vehicle Battery Recycling in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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People Also Ask

How large is the Interventional Neuroradiology Market?

The Electric Vehicle Battery Recycling Market size was valued at US$ 1.12 billion in 2024 and is projected to grow to US$ 20.33 billion by 2032

How quickly is the Electric Vehicle Battery Recycling Market expanding?

The Electric Vehicle Battery Recycling Market is forecasted to grow at a CAGR of 43.67% between 2024 and 2031, showing strong growth momentum

Notable Product/Program Launches

BMW Australia launched an EV battery recycling program in partnership with EcoBatt, featuring a state-of-the-art shredding plant that recovers more than 90% of materials from embedded batteries including EV packs.​

In India, the start-up NavPrakriti began operations of Eastern India's first lithium-ion battery recycling plant, supporting the country's circular economy goals and reducing dependency on imports.​

VinFast India partnered with BatX Energies for high-voltage battery recycling and repurposing, advancing EV sustainability in the Indian market.

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