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We want to buy these materials once and then keep them here, Spangenberger said.
Recycling is already taking place at the factory inCarson City, Nevada, where the company has its headquarters.
Some 10% to 30% of a cathode is made from cobalt, priced atapproximately$28,500per ton.
Secondly, the cathode is also the most pollutant part of the battery.
This translates to about1.3 million long-range vehicles annually, which matches the capacity of the biggest producers in Asia.
The companys big target means that it cant solely rely on recycled elements.
Its aim, therefore, is to use 50% recycled and 50% raw materials.
According to BloombergNEFs analyst James Firth, itwould reduce the emissions from battery-pack manufacturing by at least 41%.
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Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
