Battery recycler Lithium Australia, through its subsidiary Envirostream Australia Pty, has signed an agreement with Volvo Group Australiaʼs bus division. The purpose of the partnership is to recycle used lithium-ion batteries from Volvoʼs electric and hybrid bus fleet. The agreement is for an initial period of three years, during which Lithium Australia will be the exclusive battery recycling service provider for Volvoʼs electric and hybrid buses in Australia.
Focus on larger batteries
Lithium Australia expects the recycling agreement to increase the volume of batteries collected. In particular, the company is interested in collecting the large-format lithium-ion batteries used in Volvoʼs electric chassis platform. According to the company, these larger batteries offer the highest margins and are therefore critical to increasing operational profitability. Volvoʼs electric and hybrid buses are used by the Public Transport Authority of Western Australia and by Transdev in Queensland, among others.
Source:
https://investorhub.lithium-au.com/announcements/6368045
