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Porsche and Bosch Back Cylib’s €180M Battery Recycling Facility to Strengthen Europe’s EV Industry

Cylib, a promising startup backed by luxury sports car manufacturer Porsche and appliance giant Bosch, is set to revolutionize battery recycling in Europe with a new, expansive facility in Germany. The new plant, located in Dormagen, North Rhine-Westphalia, will cover 236,000 square feet and aims to recycle up to 30,000 metric tons of end-of-life batteries annually. This will make it the largest…
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