Li-Cycle Holdings Corp. and EVE Energy Co., Ltd. will collaborate and explore lithium-ion battery recycling solutions for EVE battery materials.
The collaboration will explore recycling solutions for EVE lithium-ion battery materials in the North American market, as well as battery manufacturing scrap generated at EVE's planned lithium-ion battery cell manufacturing facilities in Malaysia and Hungary. The collaboration is also expected to support EVE's environmental goals through a closed-loop supply solution and continue to support the global movement toward electrification.
"EVE Energy places great importance on expanding our presence in global markets," said Mr. Jianhua Liu, co-founder and CEO of EVE Energy. "To better serve our international customers, we are going to construct green battery factories in Europe and Southeast Asia. To achieve this goal, we are implementing strategic initiatives such as industry chain integration, team internationalization, and the application of international operational models. We are pleased to partner with Li-Cycle to discuss the establishment of a high environmental standard battery recycling system to support sustainable development."
In addition to its lithium-ion battery manufacturing footprint in Asia, EVE plans to build its first European battery manufacturing facility in Hungary. This facility is expected to supply a global automaker for the production of electric vehicles. EVE also plans to build a lithium-ion battery cell manufacturing facility in Malaysia.
Li-Cycle's Spoke & Hub Technologies enables an environmentally friendly way to recycle lithium-ion batteries and battery manufacturing scrap and recover key battery-grade materials, including lithium, nickel, and cobalt. Li-Cycle says that its overall process includes an efficient environmental footprint, minimal direct greenhouse gas emissions, and minimal wastewater discharge.
