Lithium Australia’s subsidiary Envirostream Australia has signed an exclusive agreement with Volvo Group Australia’s bus division to recycle end-of-life lithium-ion batteries from its electric and hybrid fleet.
Volvo manufactures and supplies electric and hybrid buses to customers across Australia, including Public Transport Authority in Western Australia and Transdev in Queensland.
The agreement has an initial three-year term, and Volvo expects it to drive an increase in collection volumes of hybrid batteries from buses reaching their end of life, and of larger-format batteries used in its electric chassis platform.
“We are excited by the exclusive recycling agreement signed with Volvo, a leading manufacturer of electric buses in Australia. The agreement validates our strategy to target large-scale OEMs and ESS manufacturers to grow our share of the high-margin, large-format battery collection volumes,” said Lithium Australia CEO and Managing Director Simon Linge.
Source: Lithium Australia
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