Tag: Recycling

CATL to build recycling plant for battery materials in Hubei, China
Battery & Fuel Cell, Energy & Infrastructure

CATL to build recycling plant for battery materials in Hubei, China

China's CATL is planning to build a recycling factory for battery materials in the central Chinese province of Hubei. The group is planning a joint venture with the company Hubei Yihua Chemical Industry to recycle materials such as cobalt and lithium from used batteries of electric vehicles. According to information from Reuters, the Chinese battery cell manufacturer estimates the investment in the planned factory at up to 32 billion yuan, the equivalent of around $5 billion USD. An engagement in the recycling sector is relatively new for CATL. According to the news agency, among other things, new standards and guidelines formulated by the Chinese government to promote battery recycling and to save materials probably played a role in CATL’s investment decision. The expansion of ...