Ford and Volvo will be a part of battery recycling startup Redwood Resources in acquiring processes, starting up in California, to acquire conclude-of-life batteries from electrical and hybrid motor vehicles and get well the supplies for use in new batteries, the businesses said Thursday.
Redwood Products, co-founded by previous Tesla executive JB Straubel, shaped an earlier partnership previous drop with Ford to establish a “closed loop” or round source chain for electric powered car or truck (EV) batteries, from raw materials to recycling.
On Thursday, Redwood Materials explained it would get the job done instantly with dealers and dismantlers in California to identify and recover conclusion-of-daily life battery packs. The products in people packs will be recovered and recycled at Redwood Elements facilities in northern Nevada.
U.S. automakers Ford and Common Motors Co (GM) have stated the battery recycling hard work is vital in endeavours to create a domestic offer chain to fulfill rising EV demand from customers.
GM and battery companion LG Electrical power Resolution very last calendar year announced a partnership with startup Li-Cycle to recycle battery scrap substance from Ultium Cells, the GM-LG joint enterprise that is developing battery vegetation in Ohio, Tennessee and Michigan.
Redwood Supplies has identical partnerships with battery makers Panasonic in Nevada and Envision AESC in Tennessee, as effectively as with Amazon. Ford and Amazon are among the the traders in Redwood Resources.
Reporting by Paul Lienert in Detroit Editing by Mark Potter