A company run by Tesla’s former chief tech officer is committing $3.5 billion to a battery-materials factory in Nevada
As Tesla and others make more electric vehicles, JB Straubel bets on Nevada factory designed to produce materials needed to make rechargeable battery cells
Lithium prices are rising as demand for the key ingredient in electric car batteries grows, amid a broader push to move away from oil and gas. But extraction of the metal is time consuming and potentially harmful to the environment, and plans to produce more have prompted protests. Photo: STR/Getty Images, Oliver Bunic/AFP/Getty ImagesThe company run by Tesla Inc.’s former chief technology officer plans to spend $3.
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Tesla Cofounder Is Building A $3.5 Billion Plant To Make EV Battery Parts In The U.S.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.
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US resurrects green energy loan program that helped put Tesla on the mapGM’s battery joint venture receives $2.5 billion.
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