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Highlights

  • Livium signs an expanded three-year recycling agreement with BYD Australia covering commercial vehicle batteries and BESS.

  • The partnership builds on a 2024 deal and now includes EV, PHEV, commercial, and energy storage system batteries.

  • Future expansion into New Zealand and broader Oceania is being explored, signaling regional growth ambitions.

Livium Ltd (ASX:LIT) has enhanced its partnership with BYD Australia, signing an expanded recycling agreement that significantly broadens the scope of its services. The new deal, which came into effect on May 1, 2025, will now cover the recycling of commercial vehicle batteries and battery energy storage systems (BESS), in addition to batteries from New Energy vehicles such as electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).

This enhanced agreement marks a key milestone for Livium, underlining its rising profile as a preferred battery recycling partner for large-scale energy and transport stakeholders. The new contract supersedes a previous 2024 arrangement Livium had with BYD Auto Industry Company Limited and demonstrates an evolution in the collaboration between the two firms, adapting to the growing demands of the clean energy sector.

Under the updated agreement, Livium will manage a wider variety of end-of-life battery types, reflecting the increasing diversity in battery-powered technologies entering the market. The three-year contract includes the option for a one-year extension and contains standard terms for early termination under insolvency or breach conditions.

While financial specifics remain confidential due to commercial sensitivities, BYD Australia has committed to supplying minimum volumes under the new agreement—an indicator of the expected scale of operations. 

Looking ahead, the partnership could expand beyond Australia. Livium and BYD are currently exploring opportunities to scale their collaboration into New Zealand, the Pacific Islands, and the broader Oceania region. Although this regional expansion remains in its early planning stages, Livium sees strong potential to provide enhanced battery recycling solutions across a wider geographic footprint.

“This agreement cements our role as a critical partner in the clean energy supply chain,” a Livium spokesperson said. “We are committed to delivering innovative, responsible, and scalable recycling solutions that meet the needs of a fast-evolving industry.”