The start of another CATL project: the total investment is about 32 billion, the first phase will be put into operation in 2023
The CATL Bangpu integrated new energy industry project has a total investment of about 32 billion yuan, covering an area of about 5,500 acres.
Lithium battery material
It is planned to build an annual output of 360,000 tons of iron phosphate, 220,000 tons of lithium iron phosphate, 180,000 tons of ternary precursors and materials, an ultra-large-scale production base of 40,000 tons of lithium cobalt oxide, 40,000 tons of recycled graphite and 300,000 tons of battery recycling.
On December 4, the groundbreaking ceremony of CATL Bangpu Integrated New Energy Industry Project was officially held in Baiyang Industrial Park, Yichang High-tech Zone.
Centering on cathode
It is reported that the project is centered on the cathode electrode material of the power battery of new energy vehicles, integrating “phosphate rock-raw material-precursor-cathode electrode material-battery recycling” and other business links, covering the full life cycle of the battery.
The total investment of the project is about 32 billion It covers an area of about 5,500 acres, and plans to build an annual output of 360,000 tons of iron phosphate, 220,000 tons of lithium iron phosphate, 180,000 tons of ternary precursors and materials, 40,000 tons of lithium cobalt oxide, 40,000 tons of recycled graphite and 30 An ultra-large-scale production base for the recycling of 10,000 tons of batteries.
The project is expected to be put into production in the first phase in 2023, and all production will be put into operation in 2025. After full production, it will be able to support battery cathode materials for more than 4 million new energy vehicles.
According to the announcement previously issued by CATL, the project will be implemented by its holding subsidiary Bangpu Cycle and its holding subsidiary.
World’s leading provider
CATL is the world’s leading provider of lithium-ion batteries, focusing on the research and development, production and sales of power battery systems and battery energy storage systems for new energy vehicles and energy storage systems.
In the first three quarters of this year, CATL achieved operating income of 73.362 billion yuan, a year-on-year increase of 132.73%.
Net profit attributable to shareholders of listed companies was 7.751 billion yuan, a year-on-year increase of 130.90%.
China’s power battery installed capacity was 15.4GWh, up 162.8% year-on-year, of which the CATL installed 7.69GWh, accounting for 49.9%. According to statistics from Battery.com, including joint venture capacity, CATL’s current planned production capacity has exceeded 668GWh.
Bangpu Cycle was founded in 2005, focusing on three major sectors: recycling business, resource business and material business. As a holding subsidiary of CATL New Energy Technology Co., Ltd.,
Bangpu Cycle has built a cycle system for the entire battery industry chain with complementary upstream and downstream advantages, and has become a partner of top international automotive companies.
Through the original directional recycling technology, the company has taken the lead in solving the industry problem of “waste reduction” in the field of waste battery recycling in the world, and the total recycling rate of core metal materials of battery products has reached more than 99.3%.
Li Ping, co-founder and vice chairman of CATL, said that the Bangpu integrated new energy industry project of CATL is a key part of CATL’s global layout and upstream resource guarantee.
The company will integrate the core resources and capabilities of CATL, and strive to build the Yichang factory into a world-leading green factory, smart factory, and digital factory. The Hubei Trillion Auto Modern Industrial Cluster provides strong support.
