Over 300 million electric vehicles are expected to be on the world’s roads by 2030, according to the International Energy Agency. However, the American EV market is small. In 2021, the U.S. accounted for less than 10% of new global EV registrations, while China and Europe accounted for 50% and 35%, respectively. China also accounts for over 70% of global EV battery production capacity, meaning the U.S. is heavily dependent on imports of batteries and battery minerals.
“It has been clear since 2014 that China had a plan to lock up the bulk of the world’s production of battery minerals,” said John Voelcker, an EV analyst. “The world’s largest battery company is now in China.”
By 2050, the National Renewable Energy Laboratory expects the demand for graphite, lithium and cobalt, all critical minerals in EV batteries, to increase by 500%. It estimates that the lifetime of an EV battery is around 12 to 15 years in moderate climates.
“The degradation of an EV battery pack is one of the biggest questions of the industry,” said Lea Malloy, head of electric vehicle battery solutions at Cox Automotive Mobility. “Every battery will reach the end of life. It’s important that these end-of-life packs are recycled, so they don’t end up where they don’t belong.”
With the estimated reuse lifetime of an EV battery ranging anywhere between five to 30 years, extending the life cycle could reduce the need for mining critical minerals. Companies like American Battery Technology have already developed processes to recycle lithium-ion batteries, but Oklahoma-based Spiers New Technologies or SNT is pioneering a different process.
“It’s fantastic that you can drive an electric vehicle, knowing that the end-of-the life of that battery pack, the ingredients will be reused in a new battery pack and a new electric car, and that we really want to play a role in,” said Dirk Spiers, founder and CEO of SNT.
SNT was founded in 2014 with just two employees. In 2021, it was acquired by Cox Automotive, a subsidiary of Atlanta-based media conglomerate Cox Enterprises. The company now has over 400 employees and offers what it calls a “one-stop solution” for used and faulty EV batteries.
“We are like a diner of battery services,” said Spiers. “You can come to us for a cup of coffee, but if you want to have a steak, a cup of soup or apple pie, we serve all these things.”
The company receives EV batteries directly from the dealership or original equipment manufacturer. It then puts the battery packs through its diagnosis system, named Alfred. Alfred assesses the health of the battery pack to determine whether it can eventually go back into a vehicle. A pack can be repaired to operational conditions, remanufactured to original factory standards, refurbished and upgraded to current factory standards. If truly at its end-of-life, SNT will recycle it.
“A couple of years ago there was a cost associated with recycling a lithium-ion battery pack. Now it is a positive,” he said. “If you give me a lithium-ion battery pack, I probably will give you money back for it. And that’s the beauty of it. The intrinsic value of that battery pack is higher than the cost of recycling.”
In addition to its Oklahoma City-based headquarters, SNT also has facilities in Las Vegas, Detroit and the Netherlands with plans to expand to the east coast and the U.K. Right now it says being centrally located in the U.S. is key to its business model.
“We need to be where our customers are, being bang in the middle of the country helps. We can reach either cost between two and three days,” Spiers said.
The company wouldn’t disclose the number of battery packs it’s capable of storing but said it handles on average 15 thousand battery packs and modules per month.
“We get anything from, say, 50 to 100 battery packs per day. Probably 80, 90% can be refurbished. Recycling is maybe 5 to 10%. And the rest is repurposing, second life. But those numbers will fluctuate,” he said.
Since its inception, SNT says it’s serviced more than 240 thousand packs and more than 50 thousand have been repaired, refurbished or remanufactured.
“If you look at the EV market and take Tesla out, we probably have 60, 65, 70% of that market,” said Spiers. “GM, Ford, Stellantis, Porsche, Volkswagen, Nissan, Toyota, Volvo we keep adding to the list.”
But, why doesn’t it work with Tesla, the most recognizable American EV company?
“They like to do their own stuff. You know, they’re a little bit like Apple,” he said.
“When I think about the future of EV battery recycling specifically, I see it as an increasingly competitive space,” Malloy said. “At the same time, there is a bit of a mismatch of maybe more supply and capacity around EV battery recycling than demand. We’re just riding this first wave of electric vehicles who could be on the road for ten-plus years.”
With the world having a finite amount of minerals necessary for EV batteries, could it reach a point of indefinite cycling and reuse?
“I think we will be mining metals for the balance of my lifetime,” said Voelcker. “The hope is as batteries get more powerful, smaller, lighter and cheaper, with luck, we will need fewer metals.”
“Why would you get cobalt from Africa or lithium from South America, if you can get it here in Oklahoma City,” Spiers said. “The circular economy is happening. It’s happening right now. It’s happening here in Oklahoma City…the volume is still small, but it will get bigger and bigger.”
Google-owned YouTube on Monday said it may remove channels including Fox Broadcast Network, Fox News and Fox Sports from its TV streaming platform if it doesn’t reach an agreement with Fox Corporation.
YouTube TV’s renewal date with Fox is coming on Wednesday, and while the two companies have been in ongoing negotiations, they’ve been unable to reach a deal, the YouTube team wrote in a blog post. The company also emailed YouTube TV subscribers about the potential fall out with Fox.
“Fox is asking for payments that are far higher than what partners with comparable content offerings receive,” YouTube wrote in the blog. “Our priority is to reach a deal that reflects the value of their content and is fair for both sides without passing on additional costs to our subscribers.”
If YouTube is unable to reach a new agreement by 5 p.m. Eastern on Wednesday, the Fox channels will become unable on YouTube TV, the Google company said. YouTube pays broadcasters like Fox to carry their channels, and a blackout could have implications on advertisers and millions of viewers who cut their cords to stream Fox’s various channels on YouTube TV.
“While Fox remains committed to reaching a fair agreement with Google’s YouTube TV, we are disappointed that Google continually exploits its outsized influence by proposing terms that are out of step with the marketplace,” the media company said in a statement.
The Fox standoff represents the latest contract dispute between content companies and delivery networks as viewers increasingly ditch cable.
In February,Paramount Globalnotified YouTube TV subscribers that more than 20 channels including CBS, BET, Comedy Central, MTV and Nickelodeon could go dark on the service if the two didn’t reach a deal. Shortly after, YouTube TV and Paramount announced a multi-year distribution deal.
YouTube TV’s base plan costs $82.99 per month and includes over 100 live channels and unlimited cloud DVR. YouTube said a key part of its commitment to users is its partnership with content providers like Fox, “which allows us to carry a wide variety of channels.”
If Fox does go offline for an extended period of time, YouTube will give its members a $10 credit, the Google company wrote. Users will also be able to watch Fox content by signing up for Fox One, Fox’s streaming service, the blog said.
YouTube recently overtook Netflix, which has a market cap of $515 billion, as the top streaming platform in terms of audience engagement. Google does not provide official subscriber numbers for YouTube TV, but in its February 2024 letter, YouTube CEO Neal Mohan announced that the service had more than 8 million subscribers. MoffettNathanson principal analyst Michael Nathanson has estimated that YouTube TV has approximately 9.4 million paying subscribers.
The lawsuit, filed by Musk’s AI startup xAI and its social network business X, alleges Apple and OpenAI have “colluded” to maintain monopolies in the smartphone and generative AI markets.
Musk’s xAI acquired X in March in an all-stock transaction.
It accuses Apple of deprioritizing so-called “super apps” and generative AI chatbot competitors, such as xAI’s Grok, in its App Store rankings, while favoring OpenAI by integrating its ChatGPT chatbot into Apple products.
“In a desperate bid to protect its smartphone monopoly, Apple has joined forces with the company that most benefits from inhibiting competition and innovation in AI: OpenAI, a monopolist in the market for generative AI chatbots,” according to the complaint, which was filed in U.S. District Court for the Northern District of Texas.
An OpenAI spokesperson said in a statement: “This latest filing is consistent with Mr. Musk’s ongoing pattern of harassment.”
Representatives from Apple didn’t immediately respond to a request for comment.
The Tesla CEO launched xAI in 2023 in a bid to compete with OpenAI and other leading chatbot makers.
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Musk earlier this month threatened to sue Apple for “an unequivocal antitrust violation,” saying in a post on X that the company “is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store.”
After Musk threatened to sue Apple, OpenAI CEO Sam Altman responded: “This is a remarkable claim given what I have heard alleged that Elon does to manipulate X to benefit himself and his own companies and harm his competitors and people he doesn’t like.”
An Apple spokesperson previously said its App Store was designed to be “fair and free of bias,” and that the company features “thousands of apps” using a variety of signals.
Apple last year partnered with OpenAI to integrate ChatGPT into iPhone, iPad, Mac laptop and desktop products.
Several users replied to Musk’s post on X via its Community Notes feature saying that rival chatbot apps such as DeepSeek and Perplexity were ranked No. 1 on the App Store after Apple and OpenAI announced their partnership.
The lawsuit is the latest twist in an ongoing clash between Musk and Altman. Musk co-founded OpenAI alongside Altman in 2015, before leaving the startup in 2018 due to disagreements over OpenAI’s direction.
Musk sued OpenAI and Altman last year, accusing them of breach of contract by putting commercial interests ahead of its original mission to develop AI “for the benefit of humanity broadly.”
In a counter claim, OpenAI has alleged that Musk and xAI engaged in “harassment” through litigation, attacks on social media and in the press, and through a “sham bid” to buy the ChatGPT-maker for $97.4 billion designed to harm the company’s business relationships.
Jensen Huang, CEO of Nvidia, is seen on stage next to a small robot during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025.
Gonzalo Fuentes | Reuters
Nvidia announced Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit.
The company calls the chip a “robot brain.” The first kits ship next month, Nvidia said last week, and the chips will allow customers to create robots.
After a company uses the developer kit to prototype their robot, Nvidia will sell Thor T5000 modules that can be installed in production-ready robots. If a company needs more than 1,000 Thor chips, Nvidia will charge $2,999 per module.
CEO Jensen Huang has said robotics is the company’s largest growth opportunity outside of artificial intelligence, which has led to the Nvidia’s overall sales more than tripling in the past two years.
“We do not build robots, we do not build cars, but we enable the whole industry with our infrastructure computers and the associated software,” said Deepu Talla, Nvidia’s vice president of robotics and edge AI, on a call with reporters Friday.
The Jetson Thor chips are based on a Blackwell graphics processor, which is Nvidia’s current generation of technology used in its AI chips, as well as its chips for computer games.
Nvidia said that its Jetson Thor chips are 7.5 times faster than its previous generation. That allows them to run generative AI models, including large language models and visual models that can interpret the world around them, which is essential for humanoid robots, Nvidia said. The Jetson Thor chips are equipped with 128GB of memory, which is essential for big AI models.
Companies including Agility Robotics, Amazon, Meta and Boston Dynamics are using its Jetson chips, Nvidia said. Nvidia has also invested in robotics companies such as Field AI.
However, robotics remains a small business for Nvidia, accounting for about 1% of the company’s total revenue, despite the fact that it has launched several new robot chips since 2014. But it’s growing fast.
Nvidia recently combined its business units to group its automotive and robotics divisions into the same line item. That unit reported $567 million in quarterly sales in May, which represented a 72% increase on an annual basis.
The company said its Jetson Thor chips can be used for self-driving cars as well, especially from Chinese brands. Nvidia calls its car chips Drive AGX, and while they are similar to its robotics chips, they run an operating system called Drive OS that’s been tuned for automotive purposes.