Sweden-based Northvolt is looking to develop the world's "greenest" battery by recycling old batteries, stripping out the waste, and reusing the rare earth metals that help to generate energy.
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Demand for lithium batteries has surged since the advent of electric vehicles, which had a record-breaking year in 2022, accounting for 12.1% of the total market share for new cars in Europe. Going electric has long been touted as a key fix to the climate crisis, but batteries' start and end of life pose a big, dirty problem — something Northvolt wants to solve.
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