EVMAGZ
  • Home
  • News
    • Politics
    • Air Mobility
    • Software
    • Battery
    • Rumors
    • Charging
    • Electric Motorcycles
    • Commercial vehicles
    • Autonomous
    • Battery
    • Conversion
    • Sales
    • Concept
  • Brand
    • Tesla
    • Toyota
    • Hyundai
    • Ford
    • Polestar
    • Volkswagen
    • Honda
    • Toyota
    • KIA
    • Nissan
    • Lexus
    • Mercedes-Benz
    • BMW
    • BYD
    • Chevrolet
    • Fisker
  • China
  • Industry
  • Guide
  • Sport
    • Formula E
    • MotoE
  • Photos
  • Videos
No Result
View All Result
EVMAGZ
No Result
View All Result
Home News Battery

LG acquires stake in Li-Cycle, a Canadian battery recycling company

Michael Khan by Michael Khan
December 18, 2021
in Battery, Green Energy, News
279 6
2
LG Logo - LG acquires stake in Li-Cycle, a Canadian battery recycling company
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

South Korean company LG has officially acquired a stake in a Canadian lithium-ion battery recycling company.

“LG Chem and battery maker LG Energy Solution each invested 30 billion won to acquire a 2.6 percent stake in Toronto-headquartered Li-Cycle, in a recent offering,” the two companies said in a press release. quoted from Yonhap, Thursday.

See also: Nissan plan build new battery recycling factories in the United States and Europe by 2025

In this regard, they have also signed a supply agreement with Li-Cycle to secure 20,000 tonnes of nickel for the South Korean company over the next 10 years from 2023. This is sufficient to produce batteries that will be used by 300,000 electric vehicles.

For your information, Li-Cycle, founded in 2016, specializes in recovering key lithium-ion battery materials, such as nickel and cobalt, from used batteries.

The company also has the technology to extract materials from used batteries in an environmentally friendly way that minimizes the release of harmful battery materials, according to LG.

Tags: BatteriesLGreyxcle battery
Share54Tweet34Pin12
Previous Post

Harley Davidson and Kymco patnership in the electric motorcycle industry

Next Post

Citroen My Ami Buggy Concept Photos Gallery

Comments 2

  1. Pingback: Li-Cycle, VinES to collaborate on recycle EV batteries - EVMagz
  2. Pingback: US DOE Commits $375M to Li-Cycle for Battery Recycling Facility - EVMagz

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular

tesla cybertruck manufacturing confirmation unit spotted at texas gigafactory 120x86 - LG acquires stake in Li-Cycle, a Canadian battery recycling company

Drone Footage Reveals Tesla Cybertruck’s Manufacturing Confirmation Units

by Michael Khan
September 26, 2023
0

tesla cybertruck testing on fremont track 120x86 - LG acquires stake in Li-Cycle, a Canadian battery recycling company

Tesla Cybertruck’s Acceleration Tested in New Video Amid Delivery Speculation

by Benedict Mcdaniel
September 23, 2023
0

volkswagen id 4 120x86 - LG acquires stake in Li-Cycle, a Canadian battery recycling company

Volkswagen’s ID.4 EV Takes Drivers on a Spacelike Journey with Its Quirky Software Update Sounds

by Casper Benedict
September 25, 2023
0

YT 2025 Kia EV5 Scoop 120x86 - LG acquires stake in Li-Cycle, a Canadian battery recycling company

2025 Kia EV5 Electric SUV Captured in Real-World Setting, Impressing with its Sleek Design

by Sibley Presley
September 22, 2023
0

cybertruck 120x86 - LG acquires stake in Li-Cycle, a Canadian battery recycling company

Elon Musk Hints at “Next-Level” Performance Cybertruck in Latest Revelation

by Benedict Mcdaniel
September 23, 2023
0

Archives

Tags

Automotive Autonomous Batteries BYD Charging charging station China Commercial Vehicle company electric car electric motor Electric Truck electric vehicle electric vehicles Electrification Energy Europe Fast Charging Fleet Funding General Motors Germany Hybrid Hydrogen Hyundai infrastructure Invest lithium Lithium-ion Model Y North America platform Price Production Range Sales Software Specification Specifications Supply Chain Sustainable technology Truck United States Volkswagen

Menu

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy

Categories

Friends

  • Energymagz
  • Smashfreakz
  • Teknowire
  • Tweggo

About Us

Welcome to EVMagz, your ultimate source for the latest news and updates on the electric vehicle industry, sustainable mobility, and green energy.

© 2023 By EVMagz

No Result
View All Result
  • Home
  • News
    • Politics
    • Air Mobility
    • Software
    • Battery
    • Rumors
    • Charging
    • Electric Motorcycles
    • Commercial vehicles
    • Autonomous
    • Battery
    • Conversion
    • Sales
    • Concept
  • Brand
    • Tesla
    • Toyota
    • Hyundai
    • Ford
    • Polestar
    • Volkswagen
    • Honda
    • Toyota
    • KIA
    • Nissan
    • Lexus
    • Mercedes-Benz
    • BMW
    • BYD
    • Chevrolet
    • Fisker
  • China
  • Industry
  • Guide
  • Sport
    • Formula E
    • MotoE
  • Photos
  • Videos

© 2023 By EVMagz

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In