Cylib's new plant will process 30,000 tons of EV batteries annually, significantly surpassing Europe's largest facility, Hydrovolt, which has a capacity of just 12,000 tons per year.
The company has developed an end-to-end recycling process that efficiently recovers all critical materials from EV batteries, utilizing mechanical, thermal, and water-based treatments.
Cylib uses 30% less energy in its battery recycling process compared to competitors, highlighting their innovative approach to sustainable recycling practices in the industry.
Founded in 2022, Cylib aims to solidify its support for the electric vehicle supply chain, attracting major investors like Porsche and raising €55 million in funding.
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