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• Redwood plans to create domestic closed-loop supply chain for EV batteries by collecting end-of-life cells and repurposing materials
Volkswagen Group of America on Tuesday said the carmaker has signed a deal to collaborate with Nevada-based startup Redwood Materials to recycle batteries from VW and Audi electric vehicles in the United States.
VW is the latest carmaker to partner with Redwood, which has forged similar alliances with Toyota, Ford, and Volvo Cars.
In a press release, VW Group of America CEO Scott Keogh said the partnership with Redwood will “help us accelerate EV adoption in America.”
VW has said it is aiming for fully electric vehicles sale to be around 55% of its total US sales by 2030.
Redwood, which was created by Tesla Inc (NASDAQ: TSLA) co-founder J B Straubel, has said its mission is to create a domestic “closed-loop” supply chain for EV batteries by collecting end-of-life cells and repurposing the materials, eventually reducing reliance on mining raw materials.
Redwood also has recycling deals with battery makers Panasonic Corp in Nevada and Envision AESC in Tennessee, as well as Amazon.
Redwood said it would work with more than 1,000 VW and Audi dealers in the US to recover and recycle battery packs, including re-manufacturing battery electrode components from such materials as cobalt, nickel, lithium and copper.
Picture Credit: Yahoo
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