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Li-Cycle Holdings Corp., a leading lithium-ion battery resource recovery company, has entered an exclusive recycling agreement with a high-performance, luxury electric vehicle (EV) manufacturer. Under this agreement, Li-Cycle’s Germany Spoke facility will process lithium-ion battery manufacturing scrap originating from within Germany.
Key Highlights:
- Li-Cycle partners with a luxury EV OEM to recycle lithium-ion battery scrap in Germany.
- Agreement strengthens Li-Cycle’s feedstock supply for its Germany Spoke operation.
- Company continues expanding its partnerships with global EV manufacturers.
- Li-Cycle served 13 EV OEMs and 15 battery producers in 2024 with sustainable recycling solutions.
- A major U.S.-based EV and battery manufacturer was the largest supplier of feedstock to Li-Cycle in 2024.
Ajay Kochhar, President and CEO of Li-Cycle, emphasized the significance of this deal:
“We are excited to continue strengthening our partnerships with leading global EV OEMs. This exclusive recycling agreement secures a further quality supply of recycling feedstock for our Germany Spoke. This is also indicative of our position as a preferred recycling partner who can process lithium-ion battery materials sustainably and efficiently. As we advance our work on establishing a financially accretive Spoke business, we will continue to provide top-tier service and support for our key partners and customers.”
About Li-Cycle Holdings Corp.
Founded in 2016, Li-Cycle is a global leader in lithium-ion battery recycling. The company utilizes its proprietary Spoke & Hub Technologies™ to recover valuable battery-grade materials, including lithium, nickel, and cobalt, creating a sustainable and closed-loop battery supply chain. Li-Cycle’s Spoke facilities process battery scrap and end-of-life batteries into black mass, while its planned Hub facilities will refine black mass into critical battery-grade materials such as lithium carbonate.
For more information, visit Li-Cycle’s website.
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