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Guangdong Fangyuan New Material Group Co, previously Fanguyan Environmental Protection announced that they intend to invest in a material recovery facility for LFP batteries with an infeed capacity of 300,000 tonnes. The facility should be able to produce 80,000 tonnes of LFP cathode materials.
The estimated investment is 2Bn RMB ($291M) and is subject to approval by the company's general assembly.
The infeed capacity is assumed to be on pack level, equating to around 240,000 tonnes.
Fangyuan which started as a waste managment company was one of the first battery recycling companies in China in the early 00s. By integrating forward the company later become one of the leading NCA cathode producer with Panasonic as key customer.
The scale is today almost typical in China but is very far from the available volumes.