Vietnamese battery and energy storage manufacturer VinES and Li-Cycle, a leading American battery materials recycling company, have secured a long-term strategic agreement to cooperate on critical material recovery. The agreement outlines that from 2024 Li-Cycle will become VineES’ preferred recycling partner for Vietnamese-sourced battery materials. Further, Li-Cycle will look to explore the development of a dedicated recycling Spoke in Vietnam, likely to be located in close proximity to VinES’ lithium-ion battery manufacturing facilities. The companies first announced a potential partnership in November 2022 with the most recent agreement explicitly securing long-term cooperation as well as confirming the continuation of a potential recycling partnership between Li-Cycle and VinFast, the EV manufacturing arm of the VinGrop to which VinES also belongs.



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