On January 7, an explosion occurred at CATL‘s Brunp Recycling Expertise plant within the metropolis of Ningxiang in Hunan province, China. In response to Reuters, one particular person was killed and 6 had been severely injured.

In response to the media reviews, the explosion occurred at one of many outdated workshops of the battery recycling plant, which in all probability means that it’ll have a really restricted affect on CATL and its prospects.

Brunp Recycling Expertise has a brand new, bigger battery recycling manufacturing unit – thought-about the biggest within the nation. The outdated one has an annual capability of 15,000 tonnes of cathode precursors.

“Daiwa Capital Markets mentioned in a be aware the affected facility was an outdated manufacturing unit with capability to supply 15,000 tonnes per 12 months of cathode precursors for CATL’s lithium-ion batteries however famous Brunp additionally had a more moderen and far bigger plant.”

Nonetheless, it’s extremely unlucky that such a factor occurred. For now, plainly CATL battery cell manufacturing is not going to be interrupted.