Hyperdrive
Battery Startup Plans New U.S. Plant to Feed Electric-Car Boom
- Facility will be dedicated to handling large EV battery packs
- Plant is a ‘significant step forward,’ co-founder says
A worker sorts batteries at the Li-Cycle recycling facility in Kingston, Ontario on Feb. 19.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Canadian startup Li-Cycle Corp. plans a third battery-recycling facility in North America, doubling its capacity in the region as the global electric-vehicle boom gathers momentum.
The center, to be located near Phoenix, will be capable of processing up to 10,000 metric tons of end-of-life batteries and battery-manufacturing scrap per year, the company said in a statement Wednesday. That’s equal to about 20,000 electric vehicles, according to Tim Johnston, Li-Cycle’s co-founder and executive chairman.