Li-Cycle Collaborates with (EV) Manufacturer for Battery Recycling in GermanyLi-Cycle Collaborates with (EV) Manufacturer for Battery Recycling in Germany

PRESS RELEASE

January 31, 2025

2 Min Read
battery recycling
Li-Cycle

TORONTO -- Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to partner with a major auto original equipment manufacturer (“OEM”) to recycle lithium-ion battery manufacturing scrap at its Germany Spoke.

This exclusive agreement is with a high-performance, luxury vehicle OEM and is focused on supplying Li-Cycle’s Germany Spoke with feedstock originating from within Germany.

“We are excited to continue strengthening our partnerships with leading global EV OEMs,” said Ajay Kochhar, Li-Cycle President and CEO. “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.”

Throughout 2024, Li-Cycle supported approximately 13 prominent EV OEMs and approximately 15 key battery cell and material producers with the Company’s sustainable recycling services. During 2024, the largest source of the Company’s global battery feedstock was a U.S.-headquartered, vertically integrated EV and battery manufacturer with substantial global EV market share.

Related:New Recycling Center in Devon County, England Paused Due to Lack of Funding

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, Li-Cycle’s mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company leverages its innovative, sustainable and patent-protected Spoke & Hub Technologies™ to recycle all different types of lithium-ion batteries. At our Spokes, or pre-processing facilities, we recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. At our future Hubs, or post-processing facilities, we plan to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain. For more information, visit https://li-cycle.com/.

Read more about:

BatteriesRecycling

About the Author

PRESS RELEASE

Want to share your company's latest news? Waste360 welcomes press releases for consideration. Submissions are reviewed and compiled by our editorial team.

Send your press release to Editorial Director Stefanie Valentic at [email protected] to get your news in front of industry professionals.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like