Lithium Australia Strikes Key Deal with BYD Auto
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Lithium Australia Strikes Key Deal with BYD Auto

Lithium Australia NL (AU:LIT) has released an update.

Lithium Australia NL has entered into an exclusive 3-year battery recycling agreement with BYD Auto, a leader in New Energy vehicles, to handle end-of-life batteries in Australia. The deal aligns with Lithium Australia’s strategy to secure future lithium-ion battery supply and is expected to boost their large-format battery collection volumes, with an operational cash profit continuation into FY25. This partnership reflects both companies’ commitment to sustainable practices and technological innovation in the New Energy sector.

For further insights into AU:LIT stock, check out TipRanks’ Stock Analysis page.

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