Alan Ohnsman of Forbes reports that Redwood Materials will provide cathodes to Panasonic to build EV batteries in Kansas.
- Panasonic, which is Tesla’s main battery supplier, will receive its supply of cathodes from Redwood Materials.
- Cathodes account for 15% of the cost of an EV and determine the capacity and power of a battery.
- Redwood Materials, which is based in Nevada, recycles old batteries and extracts precious metals such as lithium and cobalt to build new batteries.
- Private sector leadership is accelerating climate progress.
“’The cathode material is roughly 15% of the cost of an EV. It’s a phenomenally impactful component that isn’t very well understood. Overall, the battery supply chain accounts for maybe 20% to 25% of the cost of an EV,’ Straubel said. ‘This is a really meaningful and monetarily significant step toward launching this industry in the U.S.’”
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