Redwood and Toyota to Collaborate on EV Battery Recycling and Materials Supply
Redwood Materials – a US company that works on the recycling and reuse of electric vehicle (EV) batteries and their components, -has teamed up with Toyota Motor North America, which will take advantage of Redwood’s technologies to encompass collection, refurbishment and remanufacturing of EV battery materials.
Redwood aims to drive down the environmental footprint and cost of lithium-ion batteries by offering large-scale sources of anode and cathode materials produced from recycled batteries. Materials such as lithium, nickel, cobalt and graphite are recovered from the batteries and go back into the supply chain to make batteries for new EVs.
The company notes that the first wave of battery-electric vehicles retiring from roads today, ready for recycling, are predominantly Prius vehicles, and the company says they will focus on testing and recycling Toyota batteries, creating end-of-life pathways for the hybrid electric vehicles.
Annually, Redwood, which was founded by ex-Tesla CTO JB Straubel, says that 6GWh of lithium-ion batteries – the equivalent of 60,000 EVs – come through its doors for processing and other OEMS such as Ford and Volvo are already part of the project.
19 July 2022