The implementation of the battery passport along the battery value chain offers various economic, environmental and social benefits:
economic benefits:
- Increased credibility and reliability of supply chain data
- Simplified determination of residual value
- More efficient recycling processes
environmental benefits:
- Transition to a “second life” of batteries is facilitated when more data is available on the respective battery condition.
- Easier recycling through precise documentation of the composition of each individual battery, etc.
- By simplifying recycling, more raw materials can be reused. The content of recycled raw materials is to be significantly increased in the coming years.
social benefits:
- Compliance with ESG standards in production is documented.
- Improved consumer decision making through informed purchasing decisions and residual value determination
