Chinese electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Company Limited (CATL) announced plans to spend up to CNY24bn (US$3.5bn) to build a new battery recycling and materials processing centre in China’s Guangdong province.
The Guangdong Bangpu Recycling Technology subsidiary said it planned to build the facilities in Foshan city with a capacity to recover 500,000 tons of minerals per year, including lithium and graphite, from end-of-life EV batteries. The company will recover and process the minerals for use in cathode and electrolyte materials mainly for new lithium iron phosphate EV batteries.
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Separately, the Contemporary Amperex Intelligence Technology (Shanghai) (CAIT-SH) subsidiary earlier this month signed an agreement to establish a production base for its CATL Integrated Intelligent Chassis (CIIC) in Yichun, in Jiangxi province.
The company said CAIT-SH was focused on design, production, sales and service of CIIC, a skateboard platform which integrates batteries, drivetrain and vehicle chassis systems, in a move aimed at strengthening its ties with local vehicle manufacturers.
The company said it would work with local EV startup Hozon Auto to develop a body on frame architecture for its EVs.
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