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 is building a $3.5 billion plant near Reno, Nevada, to make cathode and anode materials for electric vehicle batteries.Redwood Materials, a battery recycling and materials company started by Tesla cofounder JB Straubel, will spend $3.5 billion through the end of the decade on a plant in Nevada making cathodes and other essential components for electric vehicle batteries. It will be the first such facility in the U.S.
, without identifying a location. It’s begun construction of its first such plant on 175 acres near its recycling facilities, which are located close to Tesla’s Gigafactory in Sparks, Nevada, said spokeswoman Alexis Georgeson. The new plant will produce enough cathode material to supply 100-gigawatt hours of batteries annually by 2025.
Redwood wants to open other U.S. materials plants in the years to come to take the lead in creating the first large-scale cathode production operations in the U.S., ultimately producing enough material for up to 500 GWh of batteries, Georgeson said. It’s raised about $1 billion to date, and she declined to comment on where additional funds will come from. Panasonic, Tesla’s main battery partner, will be a primary customer for anode material Redwood is also making.
“We’re starting production of copper foil for anodes this year and cathodes in 2024, ramping to 100-gigawatt hours of both by 2025,” she said. “Neither of those components today are produced in the U.S. and they make up almost the entire bill of materials that go into a battery cell factory.” Currently, EV batteries and materials are mostly produced in China, South Korea and Japan. But the Biden Administration has prioritized domestic production, earmarking
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Loneliness of the Long-Distance Tesla Uber DriverThe story of a Tesla Uber driver and the issues faced when there is lack of high speed chargers at waiting locations like airports.
Read more »
Motorcyclist killed after crash with Tesla in DraperFATAL CRASH - A motorcyclist was killed in the early hours of Sunday when a Tesla crashed into the back of the bike. The driver of the Tesla said he had the 'auto-pilot' setting on and didn't see the motorcyclist.
Read more »
Tesla Gets Its Own Lane At Mexican Border CrossingTesla now has a dedicated lane at the border crossing between the Mexican state of Nuevo Leon and the state of Texas
Read more »
A New Way to Short Tesla: AXS Investments Launches New Single-Stock ETFsAXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments.
Read more »
Tesla to use ‘Formula 1 pit crew techniques’ to offer same hour serviceElon Musk took to Twitter to announce that he is working in order for Tesla to achieve same-hour service on its vehicles as often as possible using 'Formula 1 pit crew techniques.'
Read more »