CATL invests 23.8 billion in waste battery recycling

On January 30, 2023, Contemporary Amperex Technology Co., Ltd. announced that its holding subsidiary Guangdong Brunp Recycling Technology Co., Ltd. plans to invest RMB 23.8 billion in Foshan City, Guangdong Province to build an integrated new material industry project. The project aims to establish a production base with an annual output of 500,000 tons of waste battery materials and the production of lithium iron phosphate positive electrode materials, ternary positive electrode materials and negative electrode recycled graphite.