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Highlights
- Livium Ltd. (LVM) extends battery recycling services with BYD Australia (BYD) to include commercial vehicle batteries and BESS.
- A new agreement with BYD Australia reinforces Livium’s commitment to growing in the battery recycling sector.
- Regional expansion plans include New Zealand and Oceania, enhancing sustainability efforts.
Livium Ltd. (ASX:LVM) has taken a significant step forward in its sustainability journey by expanding its battery recycling partnership with BYD Australia (BYD), a subsidiary of the global leader in new energy vehicles, BYD Company Ltd. This enhanced agreement, effective from May 1, 2025, broadens Livium's existing services, now covering not only New Energy vehicle batteries but also commercial vehicle batteries and battery energy storage systems (BESS).
The expansion of this partnership positions Livium as a leading player in the rapidly growing battery recycling sector. By adding commercial vehicle and BESS battery recycling to its portfolio, Livium is responding to the increasing demand for sustainable recycling solutions as more industries turn towards electric and renewable energy sources. The decision to include these additional battery types in the agreement highlights Livium’s commitment to addressing the challenges posed by battery disposal and enhancing environmental sustainability.
The agreement with BYD Australia solidifies a long-term collaboration. The new deal runs for an initial term of three years, with an option to extend it for an additional year. While the agreement includes minimum volume commitments from BYD Australia, financial details have been kept confidential due to commercial sensitivity. The contract also outlines termination clauses for insolvency or unresolved breaches, ensuring both parties' interests are protected.
Livium's CEO, Simon Linge, emphasized the success of their partnership with BYD Australia, noting that the volume expectations have been exceeded within a short time. This growing confidence in Livium’s services is a strong endorsement of the company’s capabilities in battery recycling, reinforcing its reputation as a preferred partner for large-scale projects in the sector.
Looking ahead, both companies are exploring opportunities to expand their partnership into New Zealand, the Pacific Islands, and the wider Oceania region. This expansion aligns with Livium’s goal of enhancing its regional capabilities and contributing to environmental outcomes by improving battery recycling systems in these regions. The company’s strategic focus remains on securing long-term contracts and diversifying sources of end-of-life batteries, reinforcing its position in the ASX300 and its commitment to sustainable practices.
Livium’s evolving business model supports global clean energy goals while ensuring a robust revenue base through its recycling division and patented lithium extraction technologies. This partnership with BYD Australia could also position Livium as an emerging force in the ASX dividend stocks landscape, with the potential for growth in revenue and regional influence.
