 "M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV")
Mercedes-Benz Energy signed an agreement with battery recycler Lohum Cleantech for supply of second-life batteries on Wednesday. Under the deal, Lohum has committed to lift a minimum of 50 MegaWatt Hertz (MWh) across multiple second-use modules annually from Mercedes-Benz Energy.
Once these second-life modules reach the end-of-life stage, Lohum offers a buy-back guarantee to recycle them through its hydromet plant.
The agreement will enable Lohum to secure high volumes of second-use battery modules from Mercedes-Benz Energy.
Lohum will be the first partner for repurposing EV batteries for Mercedes-Benz Energy in Asia. At present, Lohum repurposes battery applications primarily for the
