Princeton NuEnergy partners with Greenland to recycle lithium-ion batteries 

Princeton NuEnergy Inc. (PNE), a company primarily engaged in the regeneration of lithium-ion battery material based in Morristown, New Jersey, has announced a strategic partnership with Greenland Technologies Holding Corp., a manufacturer of industrial electric vehicles and drivetrain systems based in East Windsor Township, New Jersey.   

The goal of the partnership is to create a recycling solution for lithium-ion batteries used in electric industrial vehicles, as the next step in creating a circular supply chain. The hope is to alleviate a future supply chain bottleneck.  

“Our partnership gives us an invaluable opportunity to commercialize the advanced technologies and recycling processes we have been developing over the past few years, as we seek to help the electric vehicle industry meet its ambitious growth targets,” says Yan Chao, CEO of PNE.   

According to a news release from NuEnergy, the partnerships strategic partnership goals are to:  

• create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in electric industrial vehicles, including electric forklifts, electric loaders and electric excavators;   

• advance sustainability efforts in the electromobility sector and further minimize the environmental footprint of shared electric industrial vehicles, with PNE serving as Greenland’s partner in ultimately meeting its net-zero emission and 100 percent recycling targets.  

PNE says it will use its commercial lithium-ion battery recycling novel plasma based direct lithium-ion battery recycling technology to recover the end-of-life batteries from Greenland‘s electric industrial vehicle fleets. PNE will then produce battery-grade material that can be used in the production of new batteries for new Greenland’s electric industrial vehicles.  

“Battery supply and materials availability is an increasing concern as the proliferation of electric vehicles continues to accelerate, with the risk of becoming a gating factor in the manufacturing process a few years down the road,” says Raymond Wang, CEO of Greenland. “We think PNE’s innovative, proprietary process can be a real game-changer for us, and we are excited to be partnering together at this important juncture.”