Kia partners with Korean gov't, stakeholders to promote circular economy for EV batteries

Kia partners with Korean gov't, stakeholders to promote circular economy for EV batteries

MANILA: Kia Corporation inked a memorandum of understanding (MOU) with Korean stakeholders to foster a circular economy in the electric vehicle (EV) battery industry.

KEY TAKEAWAYS

  • What type of organizations and institutions has Kia partnered with for this program?

    Kia has partnered with the government of South Korea, automakers, battery recycling companies, and second-life battery material manufacturers.
  • What is Kia's goal with the MOU?

    With the MOU, Kia aims to establish a sustainable value chain across the entire EV battery market.
  • With the MOU, Kia aims to establish a sustainable value chain across the entire EV battery market and launch a pilot project in collaboration with the Korean government and companies specializing in battery disassembly and raw material extraction.

    Kia will supervise the pilot project and supply the used batteries.

    This public-private collaboration aims to create a cooperative system among the government of South Korea, automakers, battery recycling companies, and second-life battery material manufacturers.

    Kia MOU for circular economy in EV battery industry (1)

    The pilot project will be Kia's basis on the circular ecosystem that it will establish for EV batteries. The carmaker also aims to pioneer the commercialization of Battery as a Service (BaaS) by providing battery subscription and battery remanufacturing services.

    "The collaboration is crucial to evaluate the economic feasibility of EV batteries as the number of EVs continue to rise," Kia stated in a press release.

    According to Kia, the results and data collected from the pilot project will be used to create new business opportunities and develop a sustainable industrial ecosystem.

    Photos from Kia Corporation

    Also read:

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    Updated global Kia Picanto receives 'Opposites United' design, new tech

    Incoming Kia PH leadership eyes to boost brand's EV ecosystem

    Hazel Nicole Carreon

    Hazel Nicole Carreon

    Hazel is a news and feature writer for ZigWheels Philippines. She studied communication at De La Salle Lipa, where she was exposed to writing about various topics, which later has become her passion and now her career.

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