With this collaboration, LOHUM will manage end-of-life batteries for most of the EV brands operating in Nepal. By entering into this partnership, Nepal is taking steps to diversify its sources for clean energy materials.
LOHUM, a producer of sustainable energy transition and battery materials through integrated recycling, repurposing, and refining, is partnering with Nepal’s EV ecosystem partners that are selling MG, Stellantis, and Tata EVs.
Lohum: This partnership aims to support Nepal in becoming self-sufficient in energy by the recycling of around 200,000 batteries and the subsequent production of battery materials over the next five years from the EV brands associated with these partners.
Nepal is on the cusp of an EV revolution, and its government is taking forward actions for responsible end-of-life material disposal. LOHUM is taking a lead in fulfilling these requirements and ensuring Nepal’s energy self-reliance. Their commitment to accelerating the shift towards cleaner, more sustainable energy sources is commendable.”
Senior V.P. of LOHUM, Mr. Chetan Jain, commented on the partnership, "Nepal is on the cusp of an EV revolution, and its government is taking forward actions for responsible end-of-life material disposal. LOHUM is taking a lead in fulfilling these requirements and ensuring Nepal's energy self-reliance."
The diverse pool of EV sector partners will also eventually include Volkswagen, Suzuki, Renault, and Mahindra EVs enter recycling, among others. The partnership will entail an estimated recycling of 200,000 batteries, and the production of battery materials over a period of five years from the batteries of EV brands sold by the partners.
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