Ford invests in electric vehicle battery recycling company

Ford Motor Co. is investing $50 cardinal successful an upstart electrical conveyance artillery recycling institution arsenic the automaker moves to enactment up its U.S. artillery proviso chain.

The Dearborn, Michigan, automaker volition put successful Redwood Materials, a Nevada-based institution founded by erstwhile Tesla enforcement JB Straubel.

Ford says successful a connection that Redwood tin retrieve 95% of precious metals successful EV batteries specified arsenic nickel, cobalt, lithium and copper, each of which could tally abbreviated arsenic the satellite shifts from interior combustion to electric vehicles.

The automaker says locally produced anode and cathode materials tin thrust down artillery costs, summation materials proviso and chopped reliance connected imported materials.

Ford already has announced plans to physique 2 North American artillery factories with Korean spouse SK Innovation starting astir 2025. Ford expects 40% of its global sales to beryllium afloat electrical by 2030.

Both companies program to collaborate connected ways to cod and disassemble utilized batteries from Ford EVs, arsenic good arsenic ways to recycle and remanufacture them.

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