ENG
ENG
KOR
About NEXGEN
Resource Circulation
Nexgen Co., Ltd. strives to protect the environment while realizing economic value.
“The Start of Explosive Growth: The End-of-Life Battery Reuse Industry”
Countries and companies worldwide are responding to climate change for future generations and
pursuing carbon neutrality, opening the era of electric vehicles (EVs).
As the EV market expands, the volume of end-of-life batteries naturally increases,
drawing attention from both domestic and international companies to the end-of-life battery business.
To prevent environmental pollution from the large volume of chemical substances in these batteries,
reusing and recycling them through a resource recovery process is essential.
Global EV scrap and post-use battery generation forecast
- (Global) The scale of end-of-life batteries is expected to increase dramatically: 18GWh (’23) ⟶ 338GWh (’30) ⟶ 3,339GWh (’40)
The number of end-of-life EVs is expected to increase substantially: 170,000 units (’23) ⟶ 4.11 million units (’30) ⟶ 42.27 million units (’40)
Forecast of battery generation after
new domestic EV registration and use
- (Domestic) In Korea, 162,987 new EVs were registered in 2022, and the government plans to supply 4.2 million EVs by 2030.
The number of end-of-life batteries is expected to increase significantly: 440 units (’21) ⟶ 2,355 units (’23) ⟶ 8,321 units (’25) ⟶ 100,000 units (’30)
Commercializing End-of-Life Batteries
Commercializing End-of-Life Batteries: Manufacturing Process
“The Start of Explosive Growth: The End-of-Life Battery Re-use Industry”
Nexgen’s end-of-life battery packs, applicable to all industrial fields.
- Eco-Friendly Manufacturing Process: By employing highly optimized eco-friendly processes, we minimize energy consumption and curb the release of harmful substances.
- Carbon Emissions Reduction: Reusing lithium-ion batteries reduces carbon emissions by approximately 70% or more compared to producing new batteries.