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Redwood Materials

Company

Main article: Batteries for electric vehicles (global market)

History

2021: US Large Plant Launch Plan

In September 2021, Redwood Materials, led by Tesla co-founder JB Straubel, plans to build a new large plant to move the $25 billion battery supply chain from Asia to the United States.

This enterprise worth more than $1 billion will allow Redwood to become the largest producer of cathodes in the United States.

By the end of 2025, the American plant should produce material for 100 gigawatt-hours of batteries per year. This will be enough for about 1.3 million cars a year, along with the largest manufacturers in Asia. According to him, by 2030 the capacity of the same enterprise will increase to 500 gigawatt-hours per year.