The Chinese battery manufacturer giant CATL A goal has been set to build a new plant to recycle materials such as cobalt and lithium from used electric vehicle batteries, according to the Reuters agency.
It will be located in the Chinese province of Hubei and will be done jointly with the Hubei Yihua Chemical Industry company, but the date on which this plant will be operational and what its recycling capacity will be is not yet known.
From manufacturing batteries to recycling them
According to information from Reuters, a planned investment in the factory is estimated at around 4.3 billion euros. A compromise in the recycling sector is relatively new to CATL, but not unknown.
According to the news agency, among other things, new standards and guidelines issued by the Chinese government to promote battery recycling and save materials likely played a role in CATL’s investment decision.
Today, CATL is one of the world’s leading manufacturers of batteries for electric cars and wants to increase its production in the coming years. And that, together with its new battery recycling plans, will make the manufacturer promote the circular economy of materials.
CATL already has six recycling plants and has a recycling capacity of up to 120,000 tonnes of waste and a 99.3% nickel, cobalt and manganese metal recovery rate.
This not the first recycling plant which CATL it will start to build. The Chinese manufacturer, together with BASF, a company dedicated to the manufacture of materials for batteries for electric vehicles, have partnered to power build a factory focused on recycling these batteries in Germany.
The battery recycling It is a very important factor due to the increase in the sales of electric cars which, despite the fact that their sales are still not very high, they are growing and in the future it will be important to recycle and even reuse these materials.
Source: Motorpasión by feeds.weblogssl.com.
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