Toronto, Ontario — Hyundai Canada has reportedly named Lithion as its official partner for recycling electric vehicle batteries across the country, with the goal of creating a more circular economy.
The agreement, which was initially announced earlier this month, is multi-year and builds upon an initial collaboration established in 2021 to validate Lithion’s mineral extraction technology.
As noted in a press release from Hyundai, under this partnership, Lithion’s responsibilities “encompass the entire recycling process, including logistics, collection, dismantling and recycling. The company’s advanced technology can recover up to 98 percent of the minerals contained in EV batteries, contributing to a more circular economy for battery materials.”
Moreover, in response to this partnership, Ken Maisonville, executive director of customer experience and after-sales at Hyundai Auto Canada commented that “as a leader in the transition towards electrification, it is important for us to ensure that the electric vehicles we sell into the market have the lowest carbon footprint as possible. This partnership with Lithion allows us to ensure optimal recycling of our batteries, all while doing business with a Canadian company.”
Yves Noël, president and chief business development officer at Lithion further commented: “we are extremely proud to count this global leader in the automotive industry among our customers. This partnership paves the way forward globally and here in Canada by reaffirming Lithion’s critical, pivotal and essential role in the battery manufacturing value chain.”
