JB Straubel’s Redwood Materials is building the first high-volume U.S. plant to make battery cathodes. The Nevada facility aims to supply 1 million electric vehicles annually by 2025.
Redwood Materials, the lithium-ion battery recycling startup founded by former Tesla CTO JB Straubel, is partnering with Toyota to collect, refurbish and recycle batteries and battery materials that can be sent to the Japanese automaker’s upcoming North Carolina battery plant.
Ford invested in EV battery recycling startup Redwood Materials in September. The company also said last year that it will invest $29 billion into EV technology through 2025, but now says it plans to spend $50 billion on electric vehicles between 2022 and 2026, according to The New York Times.