• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Redwood, led by Tesla co-founder, to build battery materials in U.S.

Mark White by Mark White
September 14, 2021
in Supply Chain
0


Sept 14 (Reuters) – Redwood Materials led by Tesla co-founder J.B. Straubel said on Tuesday it will build its battery materials manufacturing facility in the United States, as the country seeks to cut reliance on imports for the key component for electric vehicles.

Battery recycling startup Redwood Materials said in a blog posting that it plans to announce a new site by early next year, aiming to manufacture 100 gigawatt-hours (GWh) per year of cathode active materials (CAM) for one million electric vehicles (EVs) by 2025.

Tesla CEO Elon Musk announced in September that the electric carmaker plans to build a cathode facility as part of its battery cell production plant.

The Biden administration has been trying to expand domestic supply of key components, such as batteries and computer chips, as part of efforts to reduce dependence on China and other countries.

“The battery supply chain… requires materials to travel tens of thousands of miles before they make their way into a battery cell,” Redwood said in a blog posting, saying the complex logistics increases the overall cost and carbon footprint of a battery cell.

Redwood said it will produce anode copper foil and cathode active materials, re-using all of the lithium, copper, nickel and cobalt that it already recovers from old batteries. The materials will be supplied to battery cell makers.

The announcement comes months after Redwood said it had raised $700 million from a group of high-profile fund managers, including T. Rowe Price, Baillie Gifford and Fidelity. read more

Reporting by Akanksha Rana in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Amy Caren Daniel and Andrea Ricci

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

Next Post

Bankruptcy filings are down, but lousy deals and operational woes will change that

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
Bankruptcy filings are down, but lousy deals and operational woes will change that

Bankruptcy filings are down, but lousy deals and operational woes will change that

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News