Redwood Materials Plans $3.5B Battery Materials Factory in Nevada

As the production of electric cars increases, the number of batteries that will be recycled as the last step in the value chain, and back again, increases in the future. The company of JB Straubel, a former director of Tesla, is going to invest 3,500 billion dollars over 10 years for its recycling gigafactory in Reno (Nevada, USA) very close to Tesla’s Gigafactory 1. Today it is under construction.

The production targets for recycled batteries are very ambitious if we take into account that in 2021 they recycled 6 GWh of batteries. By 2025 there will be 100 GWh, 16 times more, or what is the same, batteries for a million electric vehicles if we take into account that each one will carry about 100 kWh in its entrails. Recycled batteries are just as good as those made from “virgin” materials.

Even more ambitious are the goals for 2030, 500 GWh, which following the same rule of thumb, leads to a volume of batteries for five million electric vehicles. That will still fall short of manufacturers’ demand for batteries, and that’s narrowing it down exclusively to those with plants in the United States. Mind you, all those batteries will no longer need mining work.

The information comes from the prestigious Wall Street Journal, not from the Redwood Materials website. However, the company shared such information on its Twitter profile with this text: “Our Nevada Campus will produce 100 GWh of battery materials in 2025, enough for one million electric vehicles. These components, with a growing percentage of recycled content, are essential for the production of batteries but are not currently produced in the US. We are changing that!”, with mention of the profile of the newspaper, @WSJ.

Redwood Materials

As we have already mentioned, battery recycling is justified for many reasons: it is better for the environment, it is a profitable activity, it reduces dependency on third countries, it encourages the circular economy, it generates employment and income locally, it reduces the problem of availability of raw materials, etc Redwood Materials sources end-of-life batteries from Audi, Ford, Volkswagen, Volvo and other companies in the electronics industry.

And is that raw materials right now a bottleneck for the production of electric vehicles. It is not so much a problem of proven reserves of raw materials, but of the capacity to extract, process and transport. The sustained drop in prices for years caused a drop in investment, so a plug has formed that will take time to amend.

The post Redwood Materials Plans $3.5B Battery Materials Factory in Nevada appeared first on Latest Car News.


Latest Car News

Comments

Post a Comment

Popular posts from this blog

New KIA e-Niro already has a price in Spain

Image
A few months after its official presentation, KIA opened the order books for the new e-Niro in Spain. The revamped compact SUV, which now sits on the K3 platform already seen in the latest Hyundai Elantra, is slightly longer (6.5 centimeters) than its predecessor and  debuts a completely revamped exterior and interior design . However, mechanically there are not too many changes. The second-generation KIA e-Niro is equipped with a 204 hp (150 kW) and 255 Nm engine coupled to the front axle, thanks to which it can complete the 0 to 100 km/h in 7.8 seconds. Its battery pack will have a capacity of 64.8 kWh, enough to approve a maximum of  463 km WLTP  (its official consumption is 15.9 kWh/100 km), a minimal improvement compared to the 455 km WLTP achieved by its predecessor which tells us that, despite the use of a new platform, the powertrain is likely to be very similar. As for the load, for the moment it has only been revealed that it  will take 43 minutes to go from 10 to 80%  conn
Read more

Peugeot 508 2023: Revealed with new design

Image
Peugeot has introduced the new 508 and station wagon version 508 SW. The design has become modern, as have the engines. We tell you what you need to know. Peugeot unveiled the new 508 and 508 SW. The mid-life facelift brings not only a new look but also new technology. The Peugeot Sport Engineered version has also been revised, and the alternative to the BMW M340i gets a little more power than before. 2023 Peugeot 508 prices and launch date The new Peugeot 508 will be launched in June this year, with deliveries starting shortly thereafter. The exact pricing has not yet been announced, but we expect it to be more expensive than the current model. The 508 in the standard version will probably cost around 47,000 euros, the station wagon is a bit more expensive. Exterior design The Peugeot 508 has always been a great family car, and this facelift brings it up to date for 2023. The most noticeable change can be seen at the front. The grille has been completely revised and now looks muc
Read more

VW thinks price war in China will lead to many bankruptcies

Image
Ralf Brandstätter, CEO of the Volkswagen Group in China , believes that the electric car market is “overheating”, with high investments and aggressive discounts that could threaten the stability of the sector. In particular, he points out that the pressure to which some manufacturers are subjected could lead to their demise. This situation mainly affects younger brands: according to the manager, many new players will urgently have to seek additional capital investment, or else they will go  bankrupt in the short term .  “We are facing a situation where the market is overheating. The consolidation of the playing field is in full swing. Although without making direct mention of Tesla, Brandstätter  is very critical of the price war that has rocked the Chinese market in recent months .  “Currently, there are more than 120 automakers in the [electric vehicle] market, and around 150 new models will be launched by 2023. Intense competition and high battery prices make them face strong econ
Read more