LOHUM TIES UP WITH EV FIRMS FOR BATTERY RECYCLING

Indian companies in the auto and battery materials sector are tapping new opportunities in the Nepalese market

- NIVEDITA MUKHERJEE

Lohum, which is in the business of sustainable energy transition and produces battery materials through integrated recycling, repurposing and refining, is partnering with key pillars of Nepal’s EV ecosystem partners that are selling MG, Stellantis and Tata EV’s. The collaboration aims to make Nepal energy abundant and self-sustaining by regenerating parallel reserves of transition materials through battery recycling, effectively disrupting China’s economic leverage over the democracy.

The partnership between Lohum and the EV players will entail an estimated recycling of 200,000 batteries, and the production of battery materials over a period of 5 years from the batteries of EV brands sold by the partners. By advancing responsible end-of-life battery management and building a parallel supply of critical materials, this partnership will play a vital role in reducing the CO2e of the vast majority of EVs in Nepal. The recycled energy transition materials can then recirculate in Nepal’s battery ecosystem indefinitely, driving the volatile region a step closer to geo-economic stability and net zero targets.