Quebec company Recyclage Lithion is joining forces with automaker General Motors (GM) to create a circular ecosystem for electric vehicle battery recycling.
The deal will lead to GM’s strategic investment in the Montreal company’s financing round.
With this collaboration, the quality of battery materials can be tested by Lithion for the production of new batteries. Joint investments will also be made in research and development to ensure battery recycling.
“Our partnership with GM marks a key milestone in Lithion’s commercial deployment and paves the way for a much-needed breakthrough in the electrification of transportation, enabling material recycling in a cost-effective and sustainable manner in the electric vehicle battery industry.” Benoit Couture, president and CEO of Lithion, said in a press release Thursday.
Lithion’s technology is expected to reduce greenhouse gas (GHG) emissions by more than 75% and water consumption by more than 90% compared to mining battery materials.
“We see Lithion technology as an opportunity to recover and reuse raw materials from our Ultium batteries, making the electric vehicles we produce even more sustainable and helping to lower their costs,” said Jeff Morrison, GM’s vice president of global procurement and supply chain. . .
We remind you that Lithion’s first commercial processing plant will open in 2023. This will be followed by the establishment of the company’s first hydrometallurgical plant in 2025.