Guangdong Bangpu Recycling Technology Co Ltd - a unit of CATL - will invest and build the facilities in Foshan city in Guangdong province, CATL said in a statement.

The project will have a capacity of recovering 500,000 tonnes of waste battery materials and make lithium iron materials and other materials, the company said.

($1 = 6.7825 Chinese yuan renminbi)

(Reporting by Kevin Yao; Editing by Alison Williams)