Livium Ltd (ASX:LIT) Expands Battery Recycling Agreement with BYD Australia
New Recycling Agreement
Livium Ltd has signed an expanded recycling agreement with BYD Australia, superseding the previous agreement with BYD Auto. The new agreement includes recycling services for commercial vehicle battery ranges and battery energy storage systems, in addition to New Energy vehicle batteries.
The New Agreement commences on 1 May 2025, with an initial 3-year term and an optional term of 1-year.
Executive Comments
Simon Linge, CEO and Managing Director, stated, “Expanding our recycling scope with the BYD Company group in Australia demonstrates the quality of Envirostream’s services. In the short time working together our volume expectations have been exceeded, and we are excited to expand our partnership through this New Agreement. We thank BYD Australia for their confidence in our capabilities and look forward to maintaining our high quality of service.”
Future Expansion
Livium and BYD are working to extend battery recycling services beyond Australia to New Zealand, the Pacific Islands, and the greater Oceania region, aiming to enhance service accessibility and regional environmental outcomes.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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