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Li-Cycle Holdings Corp., a global leader in lithium-ion battery resource recovery, has announced an exclusive recycling agreement with another major electric vehicle (EV) manufacturer for its Germany Spoke facility. This partnership expands Li-Cycle’s commercial footprint in the European Union (EU) by securing additional feedstock from a new EU-based source.
Key Highlights:
- Exclusive partnership with a global automotive OEM to recycle lithium-ion battery materials in Germany.
- Agreement channels EV battery feedstock from an EU-based manufacturing facility to Li-Cycle’s Germany Spoke facility.
- Strengthens Li-Cycle’s position as a key player in the EV battery recycling ecosystem in Europe.
- Supports the company’s closed-loop battery supply chain strategy to recover valuable materials like lithium, nickel, and cobalt.
- Aligns with the company’s expansion plans to provide local and sustainable recycling solutions for global EV manufacturers.
“We are delighted to recycle lithium-ion batteries and manufacturing scrap sourced from across the EU as we work to expand our commercial reach and enhance value for our global EV OEM partners,” said Ajay Kochhar, President and CEO of Li-Cycle. “This partnership with a leading, premium EV manufacturer will serve as a vital source of recycling feedstock for our Germany Spoke, aiding our objective of offering a local and sustainable secondary supply of critical battery materials.”
About Li-Cycle Holdings Corp.
Founded in 2016, Li-Cycle is a pioneering lithium-ion battery recycling company that utilizes its Spoke & Hub Technologies™ to recover and repurpose battery materials. The company processes battery manufacturing scrap and end-of-life batteries into black mass, which contains lithium, nickel, and cobalt. Its future Hub facilities will refine these materials into battery-grade compounds, contributing to a sustainable closed-loop battery supply chain.
For more information, visit Li-Cycle’s website.
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