• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 13, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Ford, Redwood partnership to form supply chain loop for EV batteries

by Meghana Kandra
September 23, 2021 - Updated On September 24, 2021
in Automobiles, Cars, Electric Vehicles, Manufacturing
Reading Time: 2 mins read
0
Ford, Redwood partnership to form supply chain loop for EV batteries
TwitterWhatsappLinkedin

Ford and battery recycling company Redwood get together to form a supply chain loop for EV batteries. From raw materials to recycling everything will be in this “closed-loop”. With an aim to lower battery costs, including lesser reliance on imported materials, the partnership is agreed upon.

You might also like

GM Accelerates to #2 in U.S. EV Sales with Record Growth and Expanding Portfolio

BMW 5 Series Races Ahead of Mercedes-Benz E-Class in 2025 Luxury Sedan Showdown

Robotaxis and Surveillance: Waymo Footage Now Aiding Police Investigations

Ford & Redwood announce strategic recycling partnership - electrive.com
Image credits- Electrive.com

Furthermore, the supply chain will reduce the environmental impacts like mining for the battery materials. Along with Korean battery maker, SK Innovation, both Ford and Redwood will form a joint venture named “BlueOvalSK”. This joint venture is specifically created to make EV battery cells in the US. Ford’s executive Lisa Drake announced the joint venture formation at a media briefing.

Recycling company, Redwood

Redwood was formed by the former Tesla co-founder executive J.B. Straubel. The company has been recycling batteries at its facility in Nevada. Recently the company also announced that they are in search of manufacturing the world’s largest battery recycling factory. Its business will include refining materials from battery components to cathodes and anodes. By 2025 they aim to supply enough components for a million electric vehicles. The company also raised $700 million from various investors. Where Ford is said to have invested around $50 million. Currently, the company is known to be valued at $3.7 billion as mentioned on the website, PitchBook.

Furthermore, the company is known to have partnerships with Panasonic, Amazon, and Envision AESC with its Nevada factory. Redwood is getting worked up for further goals, as the battery life cycle management importance is becoming crucial.

Importance of recycling

At a conference on Tuesday, General Motors President March Reuss talked about the importance of EV battery recycling and reuse. As the auto industry is shifting towards EVs and the high demand for materials has impacted General Motors more than ever.

He said, “There’s a lot of material in a battery cell that can be reused. We’re spending time on that.” GM and LG Energy Solution have formed a partnership with a startup Li-Cycle. They will work on recycling the battery scrap materials from Ultium Cells. This recycling is to take place in the battery plants in Ohio and Tennessee which are under construction.

There are very few companies that are solely working on recycling batteries. Straubel already stated during the recent funding round, at least three companies need to work rigorously on battery management systems to provide enough batteries for EV makers in the coming years. Now Redwood and Ford aim to supply the first anode material by 2023-24 and the first cathode material by 2025.

Tags: battery recyclingEV battery recyclingFordGeneral MotorsRedwoodsupply chain loop
Tweet54SendShare15
Previous Post

Products launched on Microsoft’s Surface Event

Next Post

Freshworks IPO turned 500 Indian employees crorepatis with 70 of them aged under 30

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

GM Accelerates to #2 in U.S. EV Sales with Record Growth and Expanding Portfolio

by Samir Gautam
June 11, 2025
0
GM Accelerates to #2 in U.S. EV Sales with Record Growth and Expanding Portfolio

General Motors (GM) is surging ahead in the electric vehicle (EV) race, securing the #2 spot in the U.S. EV market with over 62,000 EVs sold through May...

Read more

BMW 5 Series Races Ahead of Mercedes-Benz E-Class in 2025 Luxury Sedan Showdown

by Samir Gautam
June 11, 2025
0
BMW 5 Series Races Ahead of Mercedes-Benz E-Class in 2025 Luxury Sedan Showdown

In the ongoing battle of the luxury sedans, BMW appears to have pulled significantly ahead of its archrival, Mercedes-Benz. Just a year after both brands unveiled their next-generation...

Read more

Robotaxis and Surveillance: Waymo Footage Now Aiding Police Investigations

by Samir Gautam
June 11, 2025
0
Robotaxis and Surveillance: Waymo Footage Now Aiding Police Investigations

The streets of Los Angeles have quietly entered a new era, one where the silent observers in hit-and-run investigations are not humans, but machines. A recent report by...

Read more
Next Post
Freshworks Logo Mockup

Freshworks IPO turned 500 Indian employees crorepatis with 70 of them aged under 30

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?