EV Suppliers

Li-Cycle is a leading lithium-ion battery recycling company with operations across North America and expanding globally. Founded in 2016 in Canada, Li-Cycle has developed a proprietary hydrometallurgical recycling process that can recover up to 95% of critical battery materials (including lithium, cobalt, nickel, and copper) from spent batteries and manufacturing scrap. The company’s approach involves a two-step “Spoke & Hub” system: at regional Spoke facilities, batteries are shredded and intermediate products (“black mass” and mixed metals) are produced; these are then sent to a central Hub facility where chemical processing separates and refines the materials into battery-grade lithium carbonate, nickel sulfate, cobalt sulfate, and copper. Li-Cycle operates multiple Spokes in the U.S., Canada, and Europe to efficiently collect and preprocess batteries, and is building a large Hub in Rochester, NY to serve as one of the first substantial battery-grade material recycling plants in North America. The company has partnerships with major battery and automotive players (such as Ultium Cells, Mercedes-Benz, etc.) to handle recycling for production scrap and end-of-life packs. Li-Cycle’s recycled materials can be reintroduced into new battery supply chains, supporting circularity. Now a NYSE-listed company, Li-Cycle is scaling up to meet the exponential growth in battery waste, providing an environmentally friendly solution to manage battery end-of-life and a domestic source of critical materials for new battery production.