Li-Cycle Inks Battery Recycling MoU With EVE Energy
Portfolio Pulse from Shivani Kumaresan
Li-Cycle Holdings Corp (NYSE:LICY) has signed a memorandum of understanding (MOU) with EVE Energy Co Ltd to explore lithium-ion battery recycling solutions for EVE battery materials. The MOU includes recycling collaborations on battery manufacturing scrap generated at EVE's planned lithium-ion battery cell manufacturing facilities in Malaysia and Hungary. The partnership will support EVE’s sustainability goals with a closed-loop supply solution.
July 11, 2023 | 12:33 pm
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Li-Cycle's partnership with EVE Energy to explore lithium-ion battery recycling solutions could enhance its position in the recycling market and potentially increase its revenue.
The partnership with EVE Energy, a major lithium-ion battery cell manufacturer, could provide Li-Cycle with a significant amount of battery scrap for recycling. This could enhance Li-Cycle's position in the recycling market and potentially increase its revenue. The news is highly relevant as it directly involves Li-Cycle and could have a significant impact on its business.
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