Li-Cycle Partners with High-Performance, Luxury Electric Vehicle (EV) Manufacturer for Exclusive Recycling Agreement in Germany

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 advance our work on establishing a financially accretive Spoke business, we will continue to provide top-tier service and support for our key partners and customers.”

Throughout 2024, Li-Cycle supported approximately 13 prominent EV OEMs and approximately 15 key battery cell and material producers with the Company’s sustainable recycling services. During 2024, the largest source of the Company’s global battery feedstock was a U.S.-headquartered, vertically integrated EV and battery manufacturer with substantial global EV market share.

Li-Cycle | https://li-cycle.com/