Hyundai Glovis and Ecopro Join Hands to Manage Battery Recycling Supply Chain

Hyundai Glovis announced on the 3rd that it recently signed a memorandum of understanding (MOU) with secondary battery material company EcoPro to jointly pursue a battery recycling business.

Under this agreement, they will collaborate on the upstream and downstream businesses of recycling used batteries from electric vehicles, as well as on manufacturing logistics automation solutions. They plan to strengthen the recycling business value chain both domestically and internationally, and cooperate across the entire business, including automating processes.

Lee Gyubok, CEO of Hyundai Glovis (left), and Song Hojun, CEO of EcoPro, are taking a commemorative photo after signing an agreement at the EcoPro Seoul office on the 30th of last month.
[Photo by Hyundai Glovis]

Hyundai Glovis will utilize its domestic and international logistics networks and handle the pretreatment side to expand the battery recycling business. EcoPro will be responsible for the post-treatment sector. In the battery recycling process, pretreatment involves physically discharging the remaining power from used batteries, dismantling them, and removing impurities. This process also produces black powder, which is a separated cathode material. Post-treatment is the process of directly extracting valuable metals from the raw materials obtained in this way.

Lee Gyu-bok, CEO of Hyundai Glovis, said, "Through this agreement, we will be able to optimize the recycling business operation system and establish recycling processes."

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