Topics
Latest
AI
Amazon
Image Credits:Redwood Materials
Apps
Biotech & Health
Climate
Image Credits:Redwood Materials
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
ironware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
Space
Startups
TikTok
Transportation
speculation
More from TechCrunch
event
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
bombardment electric cell produce at Toyota ’s next North American EV factory will someday contain a piddling Redwood Materials DNA .
The two party denote Thursday that Redwood Materials will supply Toyota with cathode material and anode copper foil for barrage fire cellular phone develop at the automaker’s$13.9 billion factoryin North Carolina that ’s slated to go into yield in 2025 . The deal is worthful to Redwood . But it ’s also a win for Toyota , which now has a U.S. source for two critical component that account for the majority of the cost of a battery cell and are manufactured entirely overseas .
While Redwood and Toyota did n’t disclose the price of the understanding , it in all likelihood duplicate asimilar deal with Panasonicthat is deserving several billion dollar mark .
The mickle marks anexpansion of a partnershipbetween Redwood Materials and Toyota that was announced in June 2022 . Under that initial partnership , Redwood Materials agreed to freshen up or recycle shelling from Toyota ’s hybrid and electrified vehicles . For batteries that ca n’t be renovate , Redwood pulls out materials such as copper , Li , Co and nickel note and then remanufactures those stuff into components that can be returned to Toyota for cell fabrication .
The sweat was announced as the first batch of Toyota Prius vehicles that were released 20 years ago retired from the route . And it will only grow . Toyota ’s battery lifecycle ecosystem is calculate to admit the recycling , remanufacturing and repurposing of the nearly five million current operating units , according to the car manufacturer .
This latest deal ups the ante — and the value — forRedwood Materials , a Li - ion barrage recycling and fabric inauguration founded by former Tesla CTO JB Straubel . Under a tenacious - term correspondence , Redwood will now cater cathode active textile and copper color hydrofoil produced at its U.S. facilities . The cathode materials supplied to Toyota at its North Carolina mill will include a minimum of 20 % recycled nickel , 20 % recycled lithium and 50 % recycled Co , as well as 100 % recycled copper in the anode Cu transparency .
Lithium - ion batteries contain three critical construction blockage . There are two electrodes , an anode ( negative ) on one side and a cathode ( positive ) on the other . Typically , an electrolyte sits in the middle and act as the courier to move ions between the electrodes when charge up and discharging . Cathode foils , which calculate for more than half the cost of a battery cellphone , contain lithium , nickel and Co . Redwood is able to capture all of those materials through its battery recycling and processing .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Redwood continues to expand its Carson City , Nevada military headquarters and is expected to break-dance ground on a 2nd bombardment materials campus in South Carolina afterwards this year . Both campus will reprocess , fine-tune and manufacture battery material , aiming to scale yield of components at a protrude volume of 100 gigawatt - hour per year ’s Charles Frederick Worth of textile , enough for one million electric vehicles , by 2025 .
