Laos Lithium Battery Company

Can lithium-ion batteries be recycled in Southeast Asia?

A trio of Singapore-based companies has reached an agreement to provide for the recycling of lithium-ion batteries into new battery materials in Southeast Asia. End-of-life batteries collected by Durapower Holdings Pte. Ltd. will be directed to GLC Recycle Pte. Ltd., which operates a battery materials recycling facility in Laos.

Who makes lithium ion batteries?

The company develops and manufactures lithium-ion battery materials and battery cells and has a global presence spanning 23 countries and 48 cities. GLC Recycle, founded in 2022, is able to process more than 15,000 metric tons of batteries per year.

Will Thailand dominate the lithium-ion battery market in Southeast Asia?

Therefore, based on the above mentioned factors, Thailand is expected to dominate the lithium-ion battery market in the Southeast Asian region during the forecast period. The Southeast Asia lithium-ion battery market is fragmented.

What is the outlook for the Southeast Asia lithium-ion battery market?

The Southeast Asia lithium-ion battery market is expected to register a CAGR of 15% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

Who are the major players in the Southeast Asia lithium-ion battery market?

The Southeast Asia lithium-ion battery market is fragmented. Some major players (in no particular order) include BYD Co. Ltd., LiRON LIB Power Pte Ltd, Saft Groupe SA, Samsung SDI Co., Ltd., and GS Yuasa Corporation. Need More Details on Market Players and Competitors?

What is a lithium ion battery?

Lithium-ion batteries consist of single or multiple lithium-ion cells and a protective circuit board. They are referred to as batteries once the cell, or cells, are installed inside a device with a protective circuit board. The Southeast Asia lithium-ion battery market is segmented by Application and Geography.