October 18, 2024: Montreal-based strategic minerals supplier and battery recycler Lithion Technologies have entered a multi-year agreement with Hyundai Auto, Canada, furthering an initial 2021 agreement between the two companies.

  The announcement was made earlier this month at The Battery Show, North America and makes Lithion a partner for over 250 Hyundai and Genesis dealers across Canada.

The recycling company attracted General Motors as an investor two years ago and aims to be able to recover 98% of the minerals contained in EV batteries and 95% of battery components.

It says it will encompass logistics, collection, dismantling, and recycling, ensuring batteries are processed in the safest and most efficient manner at its recycling plant in Saint-Bruno, Montreal, the construction of which was announced last year. The plant will process over 15,000 tonnes of lithium-ion batteries per year, which come from electric and hybrid vehicles, as well as production rejects.

Since the completion of its first commercial plant in June 2024, Lithion has rapidly expanded its activities, signing multiple multi-year battery feedstock agreements with key industry players. 

“For many years, Lithion has been privileged and fortunate to partner globally and locally with Hyundai, a visionary company dedicated to finding sustainable circular economy solutions for its lithium-ion batteries,” said Yves Noël, Lithion’s vice president and chief business development officer.