Lithium Australia NL (AU:LIT) has released an update.
Lithium Australia NL has entered into an exclusive 3-year battery recycling agreement with BYD Auto, a leader in New Energy vehicles, to handle end-of-life batteries in Australia. The deal aligns with Lithium Australia’s strategy to secure future lithium-ion battery supply and is expected to boost their large-format battery collection volumes, with an operational cash profit continuation into FY25. This partnership reflects both companies’ commitment to sustainable practices and technological innovation in the New Energy sector.
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