CATL plans to establish several electric car battery recycling centers in Europe

CATL, the world's largest battery manufacturer, is in discussions with a European company to create several recycling centers in Europe, with the aim of establishing collaboration on the Old Continent.

CCATL has a keen interest in Europe as part of its desire to expand into new continents.

CATL, a Chinese company headed by Ni Jun, plans to establish itself in Europe as well as North America, as mentioned during a roundtable organized during the World Economic Forum. This expansion testifies to the great ambitions of the company.

Recently, this Chinese company unveiled a new innovation called "condensed battery", which aims to double the energy density of electric vehicles and planes. The objective is to reduce the size and weight of the batteries while maintaining an equivalent capacity. This increased density also offers the advantage of being able to carry a greater maximum capacity in a restricted space.

CATL aims to establish a dominant presence across the entire electric vehicle battery supply chain. Although the recycling industry is still developing, it is gaining in importance and is expected to continue growing in the years to come. As a world leader, CATL already occupies first place in this market.

The company has a capacity to recover 99% of nickel, cobalt and manganese as well as approximately 90% of lithium from a cell, which is a real feat allowing electric vehicles to further reduce their impact on the environment. 'environment. Ni Jun stresses the importance of recycling, as the batteries pollute the soil, which is unacceptable.

The automotive sector is of great importance to China.

The Chinese company CATL has already invested in battery production sites in Germany and Hungary, and is working with several partners in North America. The battery factory in Erfurt, Germany, inaugurated in January 2023, is capable of producing 30 million cells per year, enough to equip up to 350,000 electric vehicles.

The second factory of this Chinese giant is in Hungary, a European country that has relatively strong political ties with Beijing. Several car manufacturers have even established assembly plants in Hungary. This is explained by the fact that the automobile industry has become a key sector for China, which positions itself both in the sale of "made in China" vehicles and in the investment in battery factories to supply the European manufacturers.