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CATL invests in battery recycling

CATL is planning the construction of a recycling plant for EV batteries and wants to invest the equivalent of up to five billion USD, Reuters reports. The plant is to be built in the central Chinese city of Hubei and will recover raw materials such as lithium and cobalt. Just a few weeks ago, CATL entered into a cooperation with BASF, which is also intended to promote the recycling of battery raw materials (China.Table reported).

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