Photo: Christopher Furlong / Getty Images
The battery recycling company Redwood Materials announced an investment of $3,80 million dollars and l to hire at least 1,100 workers for a new plant in South Carolina.
Redwood Materials plans to extract key components from batteries, such as nickel, cobalt, lithium and copper, and reuse them to make electrodes for electric vehicles , the Carson City, Nevada-based company said in a statement.
The plant, which is scheduled to open in 1392914584, it will reduce the costs and emissions of the batteries to build them.
It will also reduce dependence on foreign companies, since that currently many components for electric vehicle batteries are manufactured outside the United States , said the f Redwood Materials founder and CEO JB Straubel in a statement.
“South Carolina’s commitment to creating a secure and a competitive landscape for electric vehicle manufacturing, backed by a world-class workforce, fast logistics and efficient, zero-carbon electricity and a phenomenal site, made Redwood investing here a smart move,” said Straubel.
JB Strabuel also He was a co-founder of the electric vehicle manufacturer Tesla.
A record investment in South Carolina
The $3,800 million dollars is a record for an investment in South Carolina, said Gov. Henry McMaster, who spent the second half of 2023 announcing various economic development projects around electric vehicles, battery ías y repuestos.
“The strategic plan of our state to continue being a premier destination for automakers and their suppliers as the industry innovates is up and running,” McMaster said in a statement.
For his Redwood Materials indicated that will work with companies such as Panasonic, Volkswagen, Volvo, Proterra and Envision to build your recycled batteries.
A growing commitment to electric vehicles
The announcement comes just as the United States government seeks to strengthen energy independence and support President Joe Biden’s goal that electric vehicles account for half of all vehicle sales in the United States for 1392914584.
Just at the beginning of December, the em dams General Motors and LG Energy Solution announced a million-dollar investment to expand their battery plant for electric cars in Tennessee and increase production by more than 60%.
Domestic battery cell production in North America is expected to be crucial for automakers in the coming years to qualify for federal incentives under the Biden administration’s Inflation Reduction Act.
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