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Redwood will produce strategic battery materials in the US, supplying battery cell manufacturing partners with anode copper foil and cathode active materials. We plan to transform the lithium-ion battery supply chain by offering large-scale sources of these domestic materials produced from as many recycled batteries as available and augmented with sustainably mined material. These two products re-use all of the lithium, copper, nickel and cobalt that we already recover from old batteries! These materials will be built from more and more recycled batteries every year but in the immediate future, we need to ramp EV production faster than the number of existing EVs will reach end of life and therefore, be available for recycling. This is the only way we can scale these critical building blocks to meet the US’s 2030 electrification goals.

To ramp up local production, Redwood announced today that they will build a new factory in North America to produce 100 GWh of cathode materials by 2025:

In order to achieve a sustainable energy and transportation future, we need to start now and expand our manufacturing base beyond what our current operations could support. By early 2022, Redwood will announce a site for our North American battery materials manufacturing facility and begin ramping production, aiming to produce 100 GWh/year of cathode active materials for one million electric vehicles by 2025. By 2030, we expect our production output to scale to 500 GWh/year of cathode active materials which would enable enough batteries to power five million electric vehicles or nearly half of the US’ annual vehicle production.