Li-Cycle Partners with High-Performance, Luxury Electric Vehicle (EV) Manufacturer for Exclusive Recycling Agreement in Germany
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Business Wire
Agreement focuses on the supply of lithium-ion battery manufacturing scrap to Li-Cycle’s Germany Spoke TORONTO--(BUSINESS WIRE)--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 advanc
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