Battery Recycler to Build $3.5 Billion Factory in South Carolina
CHARLESTON, SC—Redwood Materials is spending $3.5 billion to build a new factory here to recycle batteries from electric vehicles (EVs).
Redwood recycles and refines the many precious materials—like lithium, nickel and cobalt—found in used lithium-ion batteries from EVs and consumer electronics, then sends them back into the supply chain.