"We are excited to announce the signing of an exclusive recycling agreement with BYD, the global leader in New Energy vehicles," LIT CEO Simon Linge said. "This milestone achievement is expected to significantly increase our future collection volumes of large-format lithium-ion batteries (LIBs), further accelerating the Company's shift in battery collections mix to be primarily focused on the higher margin large-format LIBs. "The signing of this milestone agreement, alongside the various other exclusive recycling agreements announced in recent times, are evidence of our successful execution of the Company's recycling growth strategy." This isn't the first time the company has struck a deal with a household name (or something close to it.) It inked a similar deal with LG Energy back in 2022. Notably, for a lithium player, the strategy could work.