Sustainability is key today, to what extent do we protect and prioritise it at NCPOWER? Through innovation and commitment to responsible business practices, we have an essential role to play in building a more sustainable future for all.
Electric vehicle (EV) adoption is booming globally due to factors such as growth in emerging economies, falling battery prices and investments by large manufacturers in the battery supply chain. The EV battery market is forecast to reach $175.11 billion by 2028 with a CAGR of 26%.
The circular economy is an economic model based on maximising the value of resources throughout their life cycle. Unlike the traditional linear "use and dispose" model, the circular economy promotes the reuse, recycling and renewal of products and materials, thus avoiding the generation of waste and the extraction of new resources.
Recycling lithium batteries involves various processes to recover the battery components and reduce the amount of waste.
Lithium technology is much more environmentally friendly than the more popular lead-acid batteries. We are constantly working to improve the development of our batteries in order to offer the best solution to the market and to contribute to the protection of the environment.