A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup supported by Porsche and Bosch, is constructing a large electric vehicle battery recycling plant in Dormagen, Germany. The facility, expected to be the largest in Europe, will recycle 30,000 metric tons of end-of-life batteries annually. The recycled batteries will be used by Porsche and other clients in the electric vehicle industry. This…