Honda and Princeton NuEnergy Sign MOU to Advance Collaboration in Next-Generation Battery Recycling Technologies

Group 1 - Honda Motor Co., Ltd. and Princeton NuEnergy Inc. signed a memorandum of understanding (MOU) to collaborate on next-generation lithium-ion battery recycling technologies, aiming to enhance the circular battery materials supply chain and U.S. energy independence [1][3] - The collaboration has been ongoing since 2022, focusing on the technical validation of PNE's plasma-based Direct Recycling and Upcycling technologies, which have produced rejuvenated NMC cathode active material with performance comparable to virgin material [2][3] - The MOU establishes a framework for a strategic partnership that includes collaborative validation projects and potential commercial-scale applications, aligning Honda's electrification strategy with PNE's mission for cost-efficient battery-grade cathode active material production [3][4] Group 2 - Dr. Chao Yan, CEO of PNE, emphasized the strong technical alignment with Honda and the commitment to advancing sustainable material production through the MOU [4] - Honda recognizes the importance of advanced recycling technologies in creating a sustainable materials ecosystem and views the MOU as a significant step towards supporting its global electrification strategy [4] - PNE's growth and collaboration with Honda position the company to develop a modern, circular, and domestic supply chain for lithium-ion battery materials, contributing to long-term industry resilience [5][6] Group 3 - PNE is noted as the most cost-effective U.S. producer of battery-grade cathode active material, utilizing a proprietary closed-loop platform that enhances domestic battery supply chains and supports U.S. energy independence [6] - Honda aims for carbon neutrality across all products and corporate activities by 2050, alongside achieving zero fatalities from traffic collisions involving its vehicles, reflecting its commitment to sustainable mobility [7]