The deal comes at a time when Ford is investing closely in electrical automobiles.
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see imagesRedwood Materials desires to construct a sustainable battery provide chain within the US
JB Straubel, former CTO and co-founder of Tesla, just lately introduced a $700 million fundraising for his battery recycling startup Redwood Materials and he has wasted no time closing a serious accomplice in Ford . The two are partnering on battery recycling and provide. This comes after Straubel introduced a 100 GWh battery materials manufacturing facility within the US, probably after the Ford deal was roughly closed. The two corporations plan to construct closed-loops for battery recycling and to develop a provide chain for battery supplies within the US.
“Ford and Redwood’s vision begins with incorporating battery recycling into Ford’s US battery production strategy, integrating recycled battery materials, scraps from battery production and batteries at the end of their useful lives, to reduce costs. in the battery supply chain, environmental footprint. and secure a critical battery material supply that Ford will need to continue its electric vehicle production,” the 2 stated in a joint assertion.
The electrical pickup truck was additionally just lately endorsed by President Joe Biden.
Ford has additionally invested $50 million in Redwood Materials, which was additionally strengthened by Ford CEO Jim Farley.
“Our partnership with Redwood Materials will be critical to our plan to build large-scale electric vehicles in the US, at the lowest possible cost and with a zero-waste approach,” Farley stated within the announcement.
Ford and Redwood Materials is exploring methods to include Redwood, which provides Ford with battery materials for its new manufacturing facility. Ford stated in a press release, “As part of this relationship, we are discussing how Redwood can supply Ford’s U.S. battery facilities so that Ford can use a sustainable battery material to fuel the production of electric vehicles.” to make sure a steady, home supply.”
Straubel engaged on restarting battery recycling
“Increasing manufacturing of batteries and their supplies in our nation by way of home recycling is a vital step in bettering the environmental footprint of American manufacturing of lithium-ion batteries, lowering prices and, in flip, selling home adoption of electrical automobiles. Redwood and Ford share an understanding that so as to make electrical automobiles really sustainable and reasonably priced, we have to localize the prevailing complicated and dear provide chain networks of end-of-life automobiles. paving the way in which for, ramping up lithium-ion recycling and rising battery manufacturing, all right here within the US,” stated JB Straubel on the time of the announcement.
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The deal comes at a time when Ford is investing closely in electrical automobiles. It has already launched the Mustang E and the Ford F-150 Lightning shall be launched within the US subsequent yr. There are even plans to make an electrical model of the Bronco, so battery provide shall be one of many huge challenges for the Detroit-based carmaker. It additionally employed Doug Field, vp answerable for the Apple Car undertaking, in a senior place to drive adoption of the important thing applied sciences, and the deal seems to be a part of the identical technique Farley is pursuing.
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With inputs from NDTV
