US lithium-ion battery recycler Redwood Materials has partnered with BMW of North America to recycle end-of-life batteries from all EVs in the BMW Group, including BMW, MINI, Rolls Royce and BMW Motorrad vehicles. Redwood will work directly with BMW Group’s network of over 700 locations, including dealerships, distribution centers and internal facilities. Redwood has two… Read more »
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Redwood inks recycling partnership with GM’s Ultium Cells
Redwood Partners has announced a new partnership with Ultium Cells under which Redwood will recycle production scrap from two Ultium facilities. Ultium Cells is a joint venture between GM and LG Energy Solutions that manufactures battery cells. The deal calls for Redwood to recycle production scrap from Ultium Cells manufacturing facilities in Warren, Ohio, and… Read more »
Redwood Materials breaks ground on South Carolina EV battery recycling plant
Redwood Materials, the battery recycling firm run by Tesla alum JB Straubel, recently broke ground on a new facility near Charleston, South Carolina. The plant will complement the company’s Nevada materials location, and will be used to recycle, refine and remanufacture anode and cathode components. Also like Redwood’s Nevada site, the new Battery Materials Campus… Read more »
Toyota to source recycled EV battery components from Redwood Materials
Redwood Materials, the battery recycling company founded by Tesla co-founder JB Straubel, is focused on two of the most critical battery components: cathode active materials (CAM) and anode copper foil. Together, these two components account for the majority of the cost of a battery cell, the company explains, and at the moment, they are produced… Read more »
Get an offer for any used EV battery pack on Redwood Materials new pricing portal
Redwood Materials, the EV battery recycling firm headed by Tesla alum JB Straubel, has created a new web portal that’s designed to enable auto recyclers to quickly and easily get an offer for a used EV battery pack. A registered supplier can enter the vehicle year/make/model, VIN, or Battery Part Number, and describe the battery’s… Read more »
Redwood Materials raises over $1 billion investment round to expand domestic battery supply chain
US battery recycler Redwood Materials has completed an equity funding round that was co-led by Goldman Sachs Asset Management, Capricorn’s Technology Impact Fund, and funds and accounts advised by T. Rowe Price. The company plans to use the more than $1 billion in Series D funding to build capacity, expand its domestic battery supply chain,… Read more »
Volkswagen and Redwood Materials collaborate on US consumer battery recycling program
Volkswagen and lithium-ion battery recycler Redwood Materials have partnered to offer US consumers a convenient way to recycle rechargeable devices or lithium-ion batteries. Participating Volkswagen dealerships will offer Redwood bins for easy and safe disposal of rechargeable batteries and consumer devices, including cell phones, laptops, tablets, cordless power tools, electric toothbrushes, wireless headphones and old… Read more »
Redwood Materials to receive $2-billion DOE loan, begins production of anode foil
Redwood Materials, the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery… Read more »
Redwood Materials to supply cathode material to Panasonic’s new US battery plant
JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Panasonic’s $4-billion factory, which is said to be larger than Tesla’s Nevada Gigafactory, is expected to begin production of 2170-format cylindrical cells by March 2025. Spurred by the… Read more »
Toyota and Redwood Materials collaborate on closed-loop battery ecosystem
Toyota may be a latecomer to the electrification game, but the company is gradually assembling the components of a circular EV supply chain. Now it has partnered with Redwood Materials, the battery recycling concern headed by JB Straubel, to “explore a series of end-of-life battery solutions for Toyota’s proposed battery ecosystem.” Initially, the collaboration will… Read more »