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home / news releases / LIT - Lithium Australia recycling subsidiary Envirostream inks 3-year agreement with Hyundai Glovis

LIT - Lithium Australia recycling subsidiary Envirostream inks 3-year agreement with Hyundai Glovis

Global X Lithium & Battery Tech

(NewsDirect)

Lithium Australia CEOand managing director Simon Linge joins Jonathan Jackson in theProactive studio to discuss recent developments with LithiumAustralia's subsidiary, Envirostream, which has inked a three-yearagreement with Hyundai Glovis to provide battery recycling services inAustralia.

Envirostream's collaboration with Hyundai Glovis, a notablelogistics entity under the Hyundai Motor Group, is set to bolster thecollection volumes of large-format lithium-ion batteries. Thispartnership aligns with the rising demand for battery recyclingservices, spotlighting the expanding market opportunity in thissector.

Lithium Australia’s growthstrategy is evident in its systematic approach to securing recyclingagreements with premier electric vehicle (EV) and energy storagesystem (ESS) manufacturers, aiming to ensure a consistent supply oflithium-ion batteries for recycling. The agreement with Hyundai Glovismarks a significant step, following a previous deal with LG EnergySolution, demonstrating LIT’s commitment to enhancing its positionin the battery recycling industry.

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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Stock Information
Company Name: Global X Lithium & Battery Tech
Stock Symbol: LIT
Market: NYSE
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