US founded tyre and wheel company Dcenti is planning to build a lithium-ion battery recycling plant in China that will produce materials for the cell manufacturing industry.
The Taishan, Guangdong province, China-based firm aims to spend CNY2 billion ($296 million) on a recycling plant for used lithium battery electrodes, according to reports by English-language news service Yicai Global, part of the Shanghai Media Group— one of China’s largest state-owned media conglomerates.
The plant, to be built in Guangdong province, will have a reported annual capacity of 50,000 tons of sulfate products including cobalt, nickel, lithium, and manganese.
Dcenti has signed a letter of intent with the local government of Xinhui district in Jiangmen, although no details about the project’s construction schedule has been released.
The project will also include a factory with an annual production capacity of 50,000 tons of precursor materials with high nickel content for ternary lithium batteries.
