New Flyer Industries Canada ULC and New Flyer of America Inc. (together 'New Flyer'), subsidiaries of NFI Group Inc. ('NFI'), one of the world's leading independent global bus manufacturers, today announced the successful completion of a battery recycling pilot with North America's largest lithium-ion battery recycler, LiCycle Corporation ('Li-Cycle').
Li-Cycle offers a proprietary, closed loop lithium-ion battery resource recovery service producing minimal solid waste, and zero liquid and air emissions that can sustainably produce battery grade lithium, cobalt, and nickel products. The pilot is Li-Cycle's first program in the heavy duty vehicle space. New Flyer provided Li-Cycle with 45 end-of-life lithium-ion battery modules (used for research and development) totaling 3,200 pounds to be processed at Li-Cycle's Spoke facility and turned into black mass, which is then further refined to recover critical materials such as nickel and cobalt. 'As our customers transition to zero-emission mobility, they do so with a focus on cradle to grave sustainability. The demand for battery recycling is growing, so too is the desire to lessen environmental impact on our communities. Our pilot with Li-Cycle is delivering just this and we are optimistic in offering battery recycling in future,' said Chris Stoddart, President, New Flyer and MCI. 'We're committed to providing sustainable mobility solutions from procurement through vehicle retirement. Working with Li-Cycle delivers a triple sustainability benefit: we recover critical resources and divert them from landfills, provide them for re-use in the battery supply chain, and do so through Li-Cycle's proprietary clean recycling process that minimizes impact to surrounding environments.' Li-Cycle's patented Spoke & Hub technologies recover an impressive 95% of all lithium-ion battery materials - extracting high-grade materials for battery reproduction, at a cost lower than mined and refined material. Key differentiators of the Spoke & Hub model include an automated process at Spoke facilities where batteries are received in any state of charge and are mechanically shredded with no sorting, dismantling, discharging, or thermal processing needed. Patented Li-Cycle Hub technology then intakes the black mass produced at Spoke plants, processes the materials hydrometallurgically, and outputs high-purity battery chemicals to be redirected to the lithium-ion battery supply chain and broader economy. Li-Cycle's technology sets it apart from most other recycling facilities which use thermal processes to recover only a portion of the materials present in spent batteries. This approach only recaptures half the contents, as the lithium is lost, going up smokestacks and leading to further emissions. LiCycle's wet-chemistry process requires lower energy consumption than traditional high temperature processes and is fully sustainable with no solid or liquid waste and zero impact air emissions.
About NFI Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With 8,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC (low-floor cutaway and medium-duty buses), and NFI Parts. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.
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