LI-CYCLE AND KION GROUP FORM LITHIUM-ION BATTERY RECYCLING PARTNERSHIP

Li-Cycle Holdings Corp. has signed a definitive agreement for a global lithium-ion battery recycling partnership with the KION Group, a leading global provider of industrial trucks and supply chain solutions. The company is also announced plans to develop a new lithium-ion battery recycling facility in France, underpinned by regional commercial demand, including KION’s lithium-ion battery recycling needs.

Under the partnership, Li-Cycle will recycle lithium-ion batteries from KION’s global brands using its proprietary and innovative submerged shredding technology that is safe, environmentally friendly, and cost-effective.

The agreement, which is for an initial period until 2030, has designated Li-Cycle as KION’s preferred global recycling partner to ensure that KION batteries are recycled sustainably.