DS Techeetah announced in Valencia the sign of a new multi-year partnership with Li-Cycle Holdings Corp, a global leader in the electric vehicle (EV) battery recycling industry.
The ABB FIA Formula E World Championship has, without question, accelerated the transition towards electrification both with consumers and automotive manufacturers. This shift towards electrification has created an inevitable requirement to address the development of battery recycling technology.
Li-Cycle is a true leader in the EV battery recycling industry. This is seen through the plethora of awards the business has received in recent months including Fast Company’s Next Big Things in Tech and Canada’s Clean16, alongside their recent NYSE listing.
The partnership will see Li-Cycle branding featured prominently across the livery of the DS E-Tense FE21, and throughout the team environment.
Li-Cycle’s relationship with DS Techeetah strengthens its position as an industry pioneer as the business continues to expand its global footprint.
Keith Smout, Chief Commercial Officer – DS Techeetah said:
It is with a great sense of pride DS Techeetah can announce our long-term partnership with Li-Cycle. Our championship represents the future of electric mobility, as such has a responsibility to address the challenges and opportunities that exist around battery technology. Li-Cycle has addressed this area head on with truly innovative and efficient recycling technologies. This partnership is reflective of the circular economy philosophy Formula E has imparted throughout our ecosystem.
Kunal Phalpher, Chief Strategy Officer – Li-Cycle declared:
We’re thrilled to partner with Formula E Champions DS Techeetah as we reinforce our position as a global leader in the EV battery recycling industry. Formula E’s platform will amplify our commitment to contributing to a circular economy and advancing technologies that are critical to sustainable global electrification. Our collaboration will help us share our story about the importance of recovering valuable, finite resources from end-of-life batteries and bring them back to the beginning of the EV battery supply chain.
Source: DS Techeetah