Livium (LIT ASX) has signed a new expanded battery recycling agreement with BYD Australia. The deal appoints Livium’s subsidiary Envirostream as the preferred recycler for BYD’s electric vehicle, commercial, and energy storage batteries.
The agreement replaces a prior deal signed in September 2024. It now includes commercial vehicle batteries and battery energy storage systems (BESS), not just new energy vehicle (NEV) batteries.
The contract begins 1 May 2025 and runs for three years, with a one-year extension option.
BYD Backs Australian Recycler
BYD Australia is the local arm of China’s BYD Company, a global EV giant. The parent company delivered 4.27 million new energy vehicles in 2024 and entered the Australian market in 2022.
BYD now holds 14% of Australia’s EV market.
Livium CEO Simon Linge welcomed the deal. “Volumes already exceeded expectations,” he said. “Expanding our work with BYD reflects strong confidence in our capabilities.”
Scaling Regional Growth
Livium and BYD are now exploring battery recycling services beyond Australia. The companies are assessing future expansion into New Zealand, the Pacific Islands, and Oceania.
While early-stage, this move could cement Livium’s regional leadership in lithium-ion battery recycling.
Long-term Supply, Strategic Fit
The deal supports Livium’s strategy of locking in long-term battery recycling contracts. It also diversifies the company’s battery sources, adding depth from the commercial and BESS sectors.
Terms include minimum volume commitments. Financial details remain confidential due to commercial sensitivity. Standard termination clauses apply.
BYD Australia General Manager Wing You said the partnership will “enable greater continuity in BYD’s battery recycling efforts, ensuring a greener future for Australians.”
Contract Momentum Grows
Further boosting recent momentum, Livium secured a major recycling agreement in April with national metal recycler Sell & Parker. The deal, valued at over A$5.0 million, extends a long-standing relationship and marks the company’s largest-ever recycling contract.
The agreement will contribute an estimated A$3.0 million in revenue in FY25 alone—equivalent to 45% of Livium’s total FY24 revenue. The three-year contract commenced in April, with first volumes expected in May 2025 and consistent supply through FY26 and FY27.
Livium will receive fees for recycling project-related materials, without material increases in operating costs.
LIT ASX closed the March quarter with $5.8M in cash at bank.
