Chinese battery giant CATL is making a significant investment in a groundbreaking technology that could revolutionize the electric vehicle (EV) industry. The company has partnered with a startup to develop a method of converting tree waste into lithium iron phosphate (LFP), a crucial component in EV batteries. This innovative approach aims to reduce the industry's reliance on traditional lithium mining, which has raised environmental and social concerns. By leveraging the abundance of tree waste, CATL is taking a major step towards creating a more sustainable and eco-friendly EV battery supply chain.
CATL backs a new way to turn tree waste into a key EV battery ingredient Yahoo Finance
