Tesla battery supplier Contemporary Amperex Technology Co Ltd (CATL) has announced that it has plans to build a $5 billion cell recycling facility in Hubei, China. Battery suppliers across the world are becoming busier than ever as more automakers begin transitioning to electrification. While battery capacity is growing due to suppliers opening more plants and coordinating more partnerships with car companies, the need for batteries continues to grow with each passing day. While CATL already has plans to expand its battery capacity in China to supplement Tesla’s growing sales, it is now looking to enter battery recycling ventures, which will...