Shanghai (ZXZC)- On July 10, Huizhou EVE Energy Co., Ltd. (referred to as "EVE Energy") and Li-Cycle Holdings Corp. (referred to as "Li-Cycle") signed a memorandum of understanding (“MoU”) in Huizhou city.

The signing of the MoU lays the foundation for the collaborative development between the two parties. They will work together to explore global sustainable recycling solutions, supporting EVE Energy in achieving the recycling and reuse of battery waste from overseas factories and other target markets.

Photo credit: EVE Energy

Furthermore, this partnership is expected to establish a closed-loop battery material recycling and supply system, supporting EVE Energy in achieving its low-carbon goals and further promoting global electrification transformation.

Founded in Canada in 2016, Li-Cycle is a leading global lithium-ion battery recycling company and the largest pure-play lithium-ion battery recycler in North America. It is experiencing rapid growth in its European operations as well. Li-Cycle utilizes its innovative and sustainable Spoke & Hub Technologies™ to provide solutions for recycling end-of-life batteries while enabling the secondary supply of critical battery materials.

EVE Energy has always been committed to building a responsible and sustainable product value chain through responsible sourcing, intelligent manufacturing, green transportation, and efficient resource utilization and management.

In order to achieve low-carbon management throughout the battery lifecycle, in addition to collaborating with Hubei Jinquan New Material on the development of low-carbon and environmentally friendly recycling and utilization technology for end-of-life lithium batteries, EVE Energy actively seeks external partnerships along the market chain. By exploring global cooperation, global services, and global manufacturing with industry peers, it aims to establish a green supply chain for the circular economy of "end-of-life lithium batteries - chemical materials - battery materials - lithium batteries."

In the future, Eve Energy will collaborate closely with Li-Cycle in resources, recycling, technology, and the market to jointly build the value chain for the entire battery lifecycle.