October 12 - 08:10
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CATL plans $5bn recycling plant to supercharge EV battery supply
Chinese electric vehicle battery maker CATL is set to build a $5bn plant to recycle battery materials. The facility will help the firm keep up with demand for EV batteries. It will be built in the central Chinese province of Hubei, CATL confirmed on Tuesday. China has introduced policies and standards to promote battery recycling and save materials. CATL supplies the likes of Tesla and Volkswagen.
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