Cenntro Electric, Princeton NuEnergy partner on recycling of lithium-ion batteries

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Strategic Partnerships

Princeton NuEnergy’s innovative direct battery recycling process can be 44% less costly than mined source materials and 39% less costly than traditional hydrometallurgical processes

Electric commercial vehicle maker Cenntro Electric Group Ltd and battery recycling startup Princeton NuEnergy, Inc. (PNE) have signed a letter of intent as part of a strategic partnership to set up an end-to-end closed loop supply chain for EV battery recycling operations, the two companies said in a joint announcement on 14 June 2022.

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