Li-Cycle Collaborates with (EV) Manufacturer for Battery Recycling in GermanyLi-Cycle Collaborates with (EV) Manufacturer for Battery Recycling in Germany
January 31, 2025

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.
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/.
About the Author
You May Also Like