The French facility will break down lithium-ion batteries that power Kion’s forklifts and other heavy machinery
said on Monday it will build a French facility to break down batteries from forklift manufacturer The Kion Group, marking the latest expansion by the rapidly growing recycling company.
Li-Cycle declined to disclose how much it is spending on the French operation, though the company has a $40-million budget for the year to build such battery processing facilities across the globe. Li-Cycle estimates that a majority of Kion’s 1.7 million forklifts are powered by lithium-ion batteries. Given their heavy use, those batteries are likely to wear down faster than those powering consumer automobiles.
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