![]() Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, decentralized production, and smart driving solutions empowered by the Cenntro iChassis™. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. (or "Cenntro") (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. ![]() The patented "Cathode-to-Cathode™" low temperature plasma technology able to reduce half cost and over 70% CO2 emissions compared with traditional technologies For more information, visit About Cenntro Electric Group Ltd.Ĭenntro Electric Group Ltd. The Company's current focus on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Princeton NuEnergy is a clean-tech start-up delivers innovative and sustainable energy and environmental solutions. "Our partnership with PNE will act as a foundation to encourage the establishment of efficient, safe, and sustainable recovery pathways for end-of-life electric vehicle battery packs." "It is critical for our industry to recycle efficiently to solve the ongoing scarcities of essential raw materials and reduce the industry's reliance on environmentally intensive mining for battery development," said Peter Wang, Chairman and CEO of Cenntro. We look forward to creating sustainable, end-to-end solutions that will help us enhance technological innovation in battery recycling and create real impact." ![]() "This strategic partnership brings a new element to the sustainability story as a manufacturer of energy-efficient and carbon-reducing technology. "We’re excited to collaborate with Cenntro in creating a closed-loop supply chain by retrieving, recycling, and regenerating battery-grade materials from end-of-life batteries," said Dr. Furthermore, PNE’s processes recover over 95% of critical elements in spent lithium-ion batteries, while emitting 70% less CO2 and utilizing 73% less energy when compared to traditional technologies. Overall, PNE’s recycling process can be 44% less costly than mined source materials and 39% less costly than traditional hydrometallurgical processes. PNE’s innovative direct battery recycling processes, Cathode-to-Cathode™ and Anode-to-Anode™, can significantly reduce recycling costs. According to BloombergNEF, cathode choice is a significant factor in determining battery energy density, with cathode materials typically accounting for over half the cost of lithium-ion batteries.
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