Alan Ohnsman of Forbes reports that Redwood Materials will build a new EV battery plant in South Carolina.
- Tesla co-founder JB Straubel has announced that his company, Redwood Materials, will build a $3.5 billion closed loop battery processing plant in South Carolina.
- The facility will produce 100-gigawatt hours of anodes and cathodes, enough to power 1 million electric vehicles per year, and employ 1,500 people.
- Redwood Materials is showing how private sector leadership can lead the way in reducing emissions.
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