LG Energy Solution, Toyota Tsusho Form JV for Battery Recycling in US
LG Energy Solution and Toyota Tsusho have formed a joint venture, Green Metals Battery Innovations, to set up a battery recycling plant in North Carolina, US, aiming to process 13,500 tons of scrap annually and advance a circular economy in the EV battery supply chain.
June 19, 2025. By Mrinmoy Dey
Under the agreement signed by LG Energy Solution Michigan and Toyota Tsusho America, the two partners decided to construct and operate a pre-processing plant in Winston-Salem, North Carolina, shared LG Energy Solutions in a statement.
It further added that the new plant will handle pre-processing operations to extract black mass which contains valuable raw metals such as nickel, cobalt, and lithium, by dismantling and shredding battery production scrap. In the initial stage of the joint venture's operation, LG Energy Solution will supply scrap generated during the production of EV batteries for Toyota Motor.
The facility is scheduled to commence operations in 2026, with an objective to achieve a maximum annual processing capacity of 13,500 tons of scrap — equivalent to over 40,000 automotive batteries.
The extracted black mass will later undergo a separate post-processing stage to recover the raw materials contained within. The joint venture seeks to further establish a battery-to-battery closed-loop system where those raw materials are circulated as recycled resources for new battery materials, advancing a true circular economy in the battery supply chain.
Chang Beom Kang, CSO of LG Energy Solution said, “This joint venture will not only help secure a stable supply of key battery materials but also enhance the competitiveness of our recycling business in North America. We are fully committed to leading the recycling market through innovative and differentiated technologies.”
Masaharu Katayama, COO of Toyota Tsusho said, “We are proud to partner with LG Energy Solution to advance the battery recycling infrastructure in North America. This joint venture is a significant step toward realising a circular economy for batteries, which is essential for building a sustainable mobility society.”
This collaboration between LG Energy Solution and the Toyota Group aims to drive carbon emissions down through circular economy initiatives. By partnering with a leading battery recycler equipped with advanced pre-processing technologies and operational know-how, LG Energy Solution intends to secure a competitive recycling infrastructure in the region.
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