Sweden’s Northvolt plans battery recycling in new challenge to China

Northvolt, the Swedish challenger to China’s domination of the electric-vehicle battery market, plans to build a large-scale recycling plant to recover supplies of precious metals needed for production.

The goal is to get the facility running by 2022 and provide half the cobalt and other metals needed to make new battery cells eight years later, Northvolt CEO Peter Carlsson said in an interview.