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Chinese Battery Giant CATL to Invest No More than 23.8 Billion Yuan in Lithium Battery Material and Recycling Business

iconJan 30, 2023 10:33
On January 29, Chinese battery giant CATL announced that it plans to invest no more than 23.8 billion yuan in lithium battery material and recycling business.

On January 29, Chinese battery giant CATL announced that it plans to invest no more than 23.8 billion yuan in lithium battery material and recycling business. The new project, which is scheduled to finish construction in four years, will have an annual capacity of 500,000 mt battery recycling, as well as corresponding LFP, ternary cathode materials, and secondary graphite anode.

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