Posted 9/21/2023, 1:31:00 PM
India's Lohum Partners with Nepal to Supply EV Battery Materials, Aiding Clean Energy Goals
- Lohum, Indian company, signed partnership with Nepal to deliver 25,000 million tonnes of EV battery materials by 2028
- Aims to help Nepal increase clean energy without sacrificing sovereignty, economy or natural resources
- Will recycle and repurpose 200,000 batteries in Nepal over 5 years
- Extract reusable materials like lithium, nickel and cobalt
- Partnership aligned with Nepal's plan to diversify clean energy sources and reduce dependence on Chinese imports