Redwood Materials would like to focus on battery cell production from recycled materials.
One of the biggest challenges facing the electric car industry iswhich are no longer suitable for use in vehicles. Some companies have turned to secure power grids; some just let them sit around . Ford is doing something different, according to an announcement on Wednesday.
That something different involves partnering with a company called Redwood Materials to take full charge of battery recycling, locating production, and reducing both cost and waste. In all honesty, it’s pretty awesome.
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Redwood Materials claims that its recycling technologies can recover up to 95% of the nickel, cobalt, lithium and copper from a battery cell for reuse and recycling. As the internet likes to say: “Great if true.”
Aside from the environmental bonus of not having to mine as much new material, the benefit is a massive cost reduction for companies like Ford that they want to pass on to the buyers of their cars. The cost of batteries made from recycled materials would likely be much less affected by geopolitical and environmental concerns than batteries made from new material.
“Ford is making electric vehicles more accessible and affordable through products like the all-electric F-150 Lightning, Mustang Mach-E and E-Transit, and more,” said Jim Farley, President and CEO of Ford. “Our partnership with Redwood Materials will work for our plan It will be crucial to build large-scale electric vehicles in America at the lowest possible cost and with a zero-waste approach. “
To prove it’s serious, Ford is investing a whopping $ 50 million in its partnership with Redwood Materials, which should work well with all of the BlueOvalSK manufacturing facilities it has builtin recent years and with Ford’s total $ 30 billion investment in electrification.
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