Ford invests in electric vehicle battery recycling company

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Ford invests successful  electrical  conveyance  artillery  recycling company A Ford logo is seen connected signage astatine Country Ford successful Graham, N.C., Tuesday, July 27, 2021. Ford Motor Co. is investing $50 cardinal successful an upstart electrical conveyance artillery recycling institution arsenic the automaker moves to bolster its U.S. artillery proviso chain. Credit: AP Photo/Gerry Broome

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 successful EV batteries specified arsenic nickel, cobalt, lithium and copper, each of which could tally abbreviated arsenic the satellite shifts from interior combustion to .

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 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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