RecycLiCo Battery Materials and Zenith Chemical announce US$25M Li-ion battery recycling JV in Taiwan
Green Car Congress
JUNE 24, 2023
The Zenith contribution (50%) will be funded in cash and RecycLiCo will receive a 10% interest in the joint venture company in return for a license of its technology, with the balance (40%) of its interest in cash. Zenith specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries.
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