Chinese battery companies build factories in Germany

The Chinese company Botree Cycling plans to build a recycling plant for EV batteries in Guben, Brandenburg. A letter of intent for the purchase of the land was signed in mid-November, the city announced last Tuesday. The plant is scheduled to begin operations in the South Industrial Park in 2025. Around 100 employees are to work here. In addition to the factory, an education and training center for specialists is to be built. In total, the Beijing-based company, which was only founded in 2019, plans to invest up to 100 million euros in its first European site.