Li-Cycle Announces New Partnership With KION In France
is one of the largest manufacturers and suppliers of industrial trucks — especially forklifts — in the world. Globally it employs more than 41,000 people in 100 countries and has an installed based of more than 1.7 million forklifts and other industrial vehicles. On March 27, Li-Cycle and KION announced a new global partnership for lithium-ion battery recycling.
“With this strategic partnership, we are taking an important step towards the circular economy that we want to implement for our products,” said Henry Puhl, chief technology officer of KION. “The collaboration with Li-Cycle will further strengthen our position in the area of sustainability.” The partnership will insure that batteries from KION’s electric industrial trucks are recycled in a safe and environmentally friendly manner to support the development of a sustainable, innovative, and localized battery supply chain in Europe. Li-Cycle expects to commence recycling of KION’s batteries at its Spoke in Germany, with start-up expected in mid-2023.Li-Cycle uses an innovative vertically integrated two step Spoke and Hub lithium-ion battery recycling and resource recovery process.
Tim Johnston said in the press release, “Consistent with our strategy, Li-Cycle continues to scale in lockstep with our customers. As we advance the deployment of our highly replicable and proven Spoke & Hub model into the European market, our Spoke in France will better position us to support KION and the accelerating market growth in the country.”
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