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Redwood Materials To Supply Cathodes For Panasonic’s Kansas EV Battery Plant

Alan Ohnsman of Forbes reports that Redwood Materials will provide cathodes to Panasonic to build EV batteries in Kansas.

The C3 Take
  • 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.’”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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