Ford and JB Straubel’s Redwood Materials form EV battery recycling alliance
Ford Motor Co.
The goal is to “reduce the reliance on importing a lot of the materials that we use today when we build batteries. And it will reduce the mining of raw materials, which is going to be incredibly important in the future as we start to scale in this space,” Lisa Drake, Ford’s COO for North America, said in a press briefing. “Creating this domestic supply chain is really a major step toward making electric vehicles more affordable and more accessible to everyone.
“The partnership between Ford and Redwood Materials is indicative of a broader trend, in which automakers are taking a more active role in development and production of battery cells, and have announced partnerships and joint ventures with battery-makers, such as Tesla/Panasonic, GM/LG Chem and VW/Northvolt,” said Asad Hussain, mobility analyst for PitchBook. “They are also investing billions of dollars in battery plants and production facilities.
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