Redwood Materials, the battery recycling venture founded by former Tesla CTO JB Straubel, has signed an agreement to recycle scrap and defective battery cells for Envision AESC, which manufactures batteries for the Nissan LEAF in Smyrna, Tennessee. Recycling batteries is not only environmentally sound, but it may soon become an economic necessity, as demand for… Read more »
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Majority of demand for nickel and cobalt coming from 5 battery suppliers
In 2019, over 59,000 tons of nickel and 14,400 tons of cobalt were deployed globally in passenger EV batteries, a one-year increase of 39% and 34%, respectively, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Panasonic used 51% of the global market share of nickel (down from 56% in 2018),… Read more »
Five companies produce almost all EV battery cells for the US market
Five companies (AESC, LG Chem, Panasonic, Samsung and SK Innovation) produced almost all the battery cells used in plug-in vehicles for the US market over the past decade. Total capacity produced was 75,933 MWh. Panasonic supplied 74% of all the cells, and a majority of these were installed in Tesla battery packs. A small percentage… Read more »