Tesla Cofounder Is Building A $3.5 Billion Plant To Make EV Battery Parts In The U.S.

Redwood Materials is building a $3.5 billion plant near Reno, Nevada, to make cathode and anode materials for electric vehicle batteries.Redwood Materials, a battery recycling and materials company started by Tesla cofounder JB Straubel, will spend $3.5 billion through the end of the decade on a plant in Nevada making cathodes and other essential components for electric vehicle batteries. It will be the first such facility in the U.S.

, without identifying a location. It’s begun construction of its first such plant on 175 acres near its recycling facilities, which are located close to Tesla’s Gigafactory in Sparks, Nevada, said spokeswoman Alexis Georgeson. The new plant will produce enough cathode material to supply 100-gigawatt hours of batteries annually by 2025.

Redwood wants to open other U.S. materials plants in the years to come to take the lead in creating the first large-scale cathode production operations in the U.S., ultimately producing enough material for up to 500 GWh of batteries, Georgeson said. It’s raised about $1 billion to date, and she declined to comment on where additional funds will come from. Panasonic, Tesla’s main battery partner, will be a primary customer for anode material Redwood is also making.

“We’re starting production of copper foil for anodes this year and cathodes in 2024, ramping to 100-gigawatt hours of both by 2025,” she said. “Neither of those components today are produced in the U.S. and they make up almost the entire bill of materials that go into a battery cell factory.” Currently, EV batteries and materials are mostly produced in China, South Korea and Japan. But the Biden Administration has prioritized domestic production, earmarking

Source: Car News Wire (carnewswire.net)

That is much need made in American. Now that's the way we once where an industrial might ?

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