Li-Cycle expands commercial footprint in EU

Less than a week after securing an exclusive feedstock partnership with an automotive original equipment manufacturer (OEM) for its spoke facility in Germany, lithium-ion battery (LIB) recycler Li-Cycle Holdings Corp. has announced another similar agreement.

The Toronto-based company has partnered with an additional automotive OEM to recycle LIBs at its German facility as it continues to broaden its commercial footprint in the European Union. The exclusive agreement channels feedstock from a facility producing electric vehicles (EVs) within the EU to Li-Cycle’s Germany facility.

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The company says the agreement further showcases its valuable recycling technology and high-quality service.

“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,” Li-Cycle President and CEO Ajay Kochhar says. “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.

"We are excited to maintain our commitment to delivering high-quality services and products to our global partners as we develop a financially beneficial spoke network.”

Li-Cycle uses a “spoke and hub” business model, in which spent batteries are processed into black mass at a spoke site, then turned into battery-grade products and other critical materials at a hub site.