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Li-Cycle Holdings Corp. and the EVE Energy Co., Ltd. have signed a memorandum to collaborate and explore lithium-ion battery recycling solutions.

The North American battery recycling specialist Li-Cycle Holdings Corp. and the Chinese battery cell manufacturer EVE Energy Co., Ltd. announce that they have signed a memorandum or understanding (MoU) to collaborate and explore lithium-ion battery recycling solutions for EVE battery materials. The MOU includes a framework to explore global sustainable 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 towards electrification.​ ​ According to the now-signed Memorandum of Understanding, the solutions that the two companies now intend to develop together will cover the North American market as well as the scrap from the production of battery cells that will be generated at the planned Eve production facilities in Malaysia and Hungary. Eve Energy is reportedly planning its first European factory in Debrecen, Hungary, to supply BMW with large cylindrical cells for New Class electric cars. ​ So far, Eve Energy has been producing primarily in China, but this is soon to change with the two factories mentioned. What exactly the “recycling solutions for Eve lithium-ion battery materials in the North American market” are to comprise was not specified in the announcement.​ ​ Li-Cycle’s recycling network is by far the best developed in North America. The company relies on a patented ‘Hub & Spoke’ concept.​ In addition to the plants in North America, some of which are already in operation, Li-Cycle is also planning at least three European sites in Norway, Germany and France. Another plant in Sardinia, which could be built in cooperation with the Glencore mining group, has not yet been officially confirmed.​ ​ EVE is one of the world’s largest lithium-ion battery cell manufacturers, with global manufacturing facilities and customers that include global automakers.

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