"To make batteries sustainable and affordable, we need to close the loop at the end of life. We're localizing a global battery supply chain and producing battery materials in the US for the first time - from as many recycled batteries as possible."
"Redwood Materials has extracted enough nickel and lithium from recycled batteries to supply 20 gigawatt hours of lithium-ion batteries, or roughly equivalent to 250,000 electric vehicles."
"The company aims to produce enough battery materials for 1 million EVs annually, contributing to a more sustainable and robust electric vehicle supply chain in the United States."
"Straubel revealed Redwood Materials' estimated revenue during an interview, saying his company will rake in about $200 million this year, highlighting the potential profitability of recycling efforts in the EV sector."
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