Exclusive battery recycling agreement with Hyundai Glovis

The announcement details the commercial agreement with Hyundai Glovis (part of Hyundai Motors) for Envirostream to have the exclusive right to provide recycling services.

This further demonstrates the execution of strategy to sign recycling agreements with leading EV and ESS manufacturers to secure future lithium-ion battery supply.

This agreement follows the recently announced agreement with LG Energy Solution which was also on an exclusive basis.