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CATL invests in battery recycling project to secure material supply

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The battery maker plans to invest about USD5 billion in the material recycling project

Chinese EV battery maker Contemporary Amperex Technology Co. Ltd. or CATL’s subsidiary Guangdong Brunp Recycling Technology Co., Ltd. and its arm Ningbo Brunp Contemporary Amperex Co., Ltd. (Brunp Contemporary) have signed cooperation agreements with the Yichang municipal government, the Yichang high-tech zone management committee, and Hubei Yihua Group Co. Ltd. respectively, the company said on 12 October.

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