Redwood Materials and Ford Motor Company Announce Strategic Relationship

0
120
  • The Ford and Redwood vision will begin with incorporating battery recycling into Ford’s American battery production strategy, integrating recycled battery materials, both scrap from battery production and batteries at the end of their useful life
  • Redwood’s existing partnerships span a broad range; from working with battery manufacturers to recycle production scrap to teaming up with automakers to process end of life EVs, and soon, to supplying anode and cathode materials back to the US supply chain

Redwood Materials and Ford Motor Company have teamed up to create a closed loop for battery recycling and a domestic supply chain for critical battery materials. Redwood’s existing partnerships span a broad range; from working with battery manufacturers to recycle production scrap to teaming up with automakers to process end of life EVs, and soon, to supplying anode and cathode materials back to the US supply chain.

They said, “Creating a robust closed-loop battery industry solves both the environmental challenges at end of life and unlocks a huge new source of raw materials to help reduce supply chain materials shortages and pressure for increased mining. While few automakers are thinking far ahead, Ford stands apart in their long-term strategic understanding that these complex issues present an incredible opportunity. Redwood and Ford share an understanding that to truly make electric vehicles sustainable and affordable, we need to localize the existing complex and expensive supply chain network, create pathways for end-of-life vehicles, ramp lithium-ion recycling and increase battery production, all right here in America.

The Ford and Redwood vision will begin with incorporating battery recycling into Ford’s American battery production strategy, integrating recycled battery materials, both scrap from battery production and batteries at the end of their useful life, into the battery supply chain to drive down costs, environmental footprint and secure a critical battery material supply that Ford will need to continue to ramp their electric vehicle production.

They will also collaborate to determine how, together, we can create pathways for consumer vehicles to come off the road at the end of their life and be recycled and manufactured into battery materials to make more Ford electric vehicles.

Last week, Redwood announced plans to produce anode foils and cathode materials domestically and our intentions to ramp to 100 GWh of cathode material, enough for one million electric vehicles by 2025. As part of this relationship, they will be discussing how Redwood could supply Ford’s American battery facilities to ensure a steady, domestic source of sustainable battery materials to fuel the production of Ford electric vehicles. To further advance these business opportunities between the companies, Ford has invested $50 million in Redwood to help us expand our manufacturing footprint.

LEAVE A REPLY

Please enter your comment!
Please enter your name here