Li-Cycle announces recycling partnership with OEM at Germany Spoke

Li-Cycle (LICY) Holdings announces it has partnered with an additional premium automotive original equipment manufacturer OEM to recycle lithium-ion battery materials at its Germany Spoke as it continues to broaden its commercial footprint in the EU. This exclusive agreement channels feedstock from a facility producing electric vehicles within the EU to Li-Cycle’s Germany Spoke. This signifies yet another partnership with a prominent global electric vehicle OEM, further showcasing the Company’s 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,” said Ajay Kochhar, Li-Cycle President and CEO. “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.”