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Li-Cycle and DTNA collaborate to integrate circular economy practices and recycle lithium-ion batteries from electric vehicles.
Li-Cycle Holdings Corp. (“Li-Cycle” or the “Company”), a leader in lithium-ion battery resource recovery, has announced its partnership with Daimler Truck North America (DTNA) to support DTNA’s comprehensive circular economy approach. This collaboration aims to reduce DTNA’s carbon footprint through effective recycling of lithium-ion batteries used in their electric vehicles.
Key Highlights:
- Partnership Focus: Recycling lithium-ion batteries from DTNA electric vehicles at the end of their lifecycle.
- Sustainability Strategy: DTNA’s approach includes repairing, remanufacturing, repurposing, and recycling battery materials to minimize waste and enhance sustainability.
- Environmental Impact: Li-Cycle’s advanced recycling technologies facilitate the recovery of critical materials, promoting a domestic closed-loop battery supply chain.
Li-Cycle’s President and CEO, Ajay Kochhar, emphasized the significance of this partnership: “We are proud to partner with companies such as DTNA to support their sustainability and carbon reduction goals. Our environmentally friendly and safe recycling technologies can recover critical materials to help create a domestic closed-loop battery supply chain, giving new life to these battery materials and helping power the world’s transition to clean energy.”
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is a global leader in lithium-ion battery resource recovery, established in 2016. The company’s mission is to recover critical battery-grade materials to foster a domestic closed-loop battery supply chain essential for a clean energy future. Leveraging its innovative and sustainable Spoke & Hub Technologies™, Li-Cycle processes various lithium-ion batteries. At their Spokes, they convert battery manufacturing scrap and end-of-life batteries into black mass, a powder containing valuable metals like lithium, nickel, and cobalt. Their future Hubs will process this black mass into critical battery-grade materials, including lithium carbonate, vital for the lithium-ion battery supply chain.
For more information, visit Li-Cycle’s website.
About Daimler Truck North America
Daimler Truck North America LLC is based in Portland, Oregon, and is a prominent provider of products and technologies for the commercial transportation industry. They design, engineer, manufacture, and market medium- and heavy-duty trucks, school buses, vehicle chassis, and associated technologies under the Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis Corp, and Detroit brands. Daimler Truck North America is a subsidiary of Daimler Truck Holding AG (DTG), a leading global commercial vehicle manufacturer.
By integrating sustainable practices and innovative recycling technologies, Li-Cycle and DTNA are setting new standards for environmental responsibility in the commercial transportation industry.
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