Li-Cycle Partners with Arrival to Advance Electric Vehicle Battery Recycling
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Li-Cycle and Arrival share the goal of creating a sustainable and circular EV battery supply chain in the United States and Europe
TORONTO – Li-Cycle Holdings Corp. (NYSE: LICY) (âLi-Cycleâ or âthe Companyâ), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, announced today a collaboration with Arrival (NASDAQ: ARVL), a global company with a mission to make air clean by replacing all vehicles with affordable electrical solutions produced by local micro-factories.
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Through this newly established collaboration, Li-Cycle and Arrival will work together on thought leadership initiatives and R&D efforts to improve lithium-ion battery recycling, while working together to improve supply chain efficiency. EV batteries in the United States and Europe.
âEnsuring the end-to-end sustainability of electric vehicles is something we are passionate about at Arrival. This is why we are delighted to partner with Li-Cycle to drive sustainability in the electric vehicle industry through advancing lithium-ion battery recycling for electric vehicles, âsaid Deepen Somaiya, Vice President global sustainability for the finish. âThe arrival is changing the fundamentals of the automotive industry with our new way of designing and producing electric vehicles, and we see Li-Cycle’s advanced commercial lithium-ion recycling technology as an extension of this transformational approach. We look forward to working with them to create end-to-end sustainable solutions that will help us make a radical impact. ”
Using breakthrough commercial Li-Cycle lithium-ion battery recycling technologies, end-of-life batteries from Arrival’s electric vehicle fleets in the United States and Europe can be turned into battery-grade material that could be used. used in the production of new batteries for newcomers. Vehicles. Li-Cycle technologies will enable Arrival to minimize the impact on the battery life cycle by improving its recycling and resource recovery infrastructure. At the same time, Arrival will support Li-Cycle’s ability to advance its patented technologies in accordance with next-generation battery technology, while continuing to improve its resource recovery efficiency.
âWe are excited to work with Arrival to drive technological innovation in battery recycling, while creating a truly sustainable closed-loop battery supply chain in the electric vehicle industry,â said Kunal Phalpher, Director of the Li-Cycle strategy. âThis strategic business partnership demonstrates our ability to meet new and emerging customer demands as we continue to advance our proven business lithium-ion recycling technology globally. ”
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies â¢ to provide a customer-centric end-of-life solution for lithium-ion batteries, while creating a secondary supply of materials. battery critical. Rechargeable lithium ion batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and home applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the growing demand for critical and scarce battery-grade raw materials through improved closed loop solution. For more information visit https://li-cycle.com/ .
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About the arrival
Arrival was founded in 2015 with a mission to make the air clean by replacing all vehicles with affordable electrical solutions – produced by local micro-factories. Six years and over 2,000 people later, we’re leading the electric vehicle transition globally by creating zero-emission, more desirable, more sustainable and fairer products than ever before. Our in-house technologies enable our radical new method of design and production using rapidly scalable local micro-factories around the world. This method helps cities and governments meet their sustainability goals while supercharging their communities. We’re a technology company, a product company, a supply chain company, an automotive company, a mobility company, a fintech company and a service company, all brought together for a common goal of true sustainability. This vertically integrated business model is how we can make the radical impact our world needs today. Arrival (NASDAQ: ARVL) is a Luxembourg joint-stock company.
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