Toyota and Chubu Electric Power to commence electrified vehicle battery reuse and recycling verification project
Chubu Electric Power Co. and Toyota Motor Corporation announced on January 31, 2018, that the two companies have concluded a basic agreement with the aim of commencing a verification project that entails construction of a large-capacity storage battery system (Storage Battery System) that reuses electrified vehicle batteries (batteries), as well as examination of the recycling of used batteries.
Toyota is actively promoting the use of electrified vehicles, as per "Toyota's Challenge to Promote Widespread Use of Electrified Vehicles" announced in December 2017, and is also pursuing the effective use of batteries and the development of social infrastructure that will support the widespread adoption of electrified vehicles.
Pursuant to the basic agreement concluded in January, the two companies aim to reuse batteries collected from electrified vehicles manufactured by Toyota as a storage battery system for utilisation in meeting various challenges posed by the electric power system.
The two companies will consider establishing a mechanism to recycle reused batteries by collecting materials such as rare-earth metals and re-utilising them.