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Redwood Materials Spending ‘Hundreds Of Millions’ To Speed Recycling For EV Batteries

Redwood Materials Spending ‘Hundreds Of Millions’ To Speed Recycling For EV Batteries

Forbes Alan Ohnsman writes on Redwood Materials’ efforts to speed up the recycling of EV batteries.

The C3 Take
  • Redwood Materials has invested hundreds of millions of dollars to increase the recycling of EV batteries.
  • Currently, the United States is heavily dependent on imports for EV batteries but companies such as Redwood Materials are looking to fix that by providing a reliable domestic supply chain for batteries.
  • Through private sector innovation, America can establish a more stable and sustainable domestic supply chain for our electric vehicles.

“Redwood Materials, a battery recycler created by Tesla cofounder JB Straubel, says it’s more than tripling the size of its operations in Nevada and will spend ‘hundreds of millions’ to scale up recovery of lithium, cobalt, nickel and other commodity metals it sells to makers of lithium-ion batteries for electric vehicles.”

Read the full article here.

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