CATL Announces Investment Of 5 Billion Yuan In Battery Recycling

CATL is actively expanding its layout in the field of battery recycling. Its lithium iron phosphate recycling project, with an investment of more than 5.6 billion yuan and an annual production capacity of 450,000 tons, has recently entered the environmental impact assessment publicity stage. This move comes at a critical time when China's new energy vehicle power batteries are about to enter the "large-scale retirement stage", indicating that CATL is accelerating its efforts to seize the huge potential of the retired battery recycling market.