Honda and Ascend Elements Reach Basic Agreement to Collaborate Toward Stable Procurement of Recycled Lithium-ion Battery Resources in North America

Honda Motor Co., Ltd. today announced that it has reached a basic agreement with #ascendelements, Inc., a U.S.-based company with expertise in technologies for recycling of battery resources. The companies intend to collaborate toward stable procurement of resources from recycled lithium-ion batteries in North America necessary for #Honda electrified vehicles, including EVs.

Based on its "Triple Action to ZERO" concept, which consists of three focus areas – carbon neutrality, clean energy and resource circulation – #Honda is striving to realize a circular/resource-recycling society which aims for "zero environmental impact" by 2050, not only with its products, but throughout the entire product lifecycle, including all #corporate activities. To put these initiatives into action toward its 2050 target, #Honda reached a basic agreement with #ascendelements to explore and discuss its goal to achieve stable procurement of recycled lithium-ion battery resources. Through this #collaboration, #Honda will seek to obtain a consistent supply of nickel, cobalt and lithium that #ascendelements reclaims from recycled lithium-ion batteries. #Honda will then utilize these resources in its battery supply chain for electrified vehicles produced by #Honda in North America.

By collaborating with various resource recycling businesses, including #ascendelements, #Honda will continue its effort to ensure stable procurement of essential recycled resources and strive for the realization of "zero environmental impact."