Ford, Redwood Materials Teaming Up on Closed-Loop Battery Recycling, U.S. Supply Chain
22 Septiembre 2021 - 07:30AM
Business Wire
- Ford Motor Company and Redwood Materials, a leading battery
materials company, are collaborating to make electric vehicles more
sustainable and affordable for Americans by localizing the complex
supply chain network, creating recycling options for end-of-life
vehicles, ramping lithium-ion recycling and increasing U.S. battery
production
- Closing the loop ensures valuable materials that are used in
battery production are recycled to be used again to drive down
costs and reduce reliance on imports and mining of raw
materials
- Creating a U.S. circular supply chain is a major step toward
making battery electric vehicles sustainable, accessible and
affordable for more Americans
- As part of Ford’s plan to invest more than $30 billion in
electrification through 2025 and to further advance their joint
business opportunities, Ford has invested $50 million in Redwood to
help expand Redwood’s manufacturing footprint.
Ford Motor Company and Redwood Materials today announced they
are working together to build out battery recycling and a domestic
battery supply chain for electric vehicles. Ford and Redwood’s goal
is to make electric vehicles more sustainable, drive down the cost
for batteries, and ultimately help make electric vehicles
accessible and affordable for more Americans.
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Ford and Redwood are collaborating to integrate battery
recycling into Ford’s domestic battery strategy. Redwood’s
recycling technology can recover, on average, more than 95% of the
elements like nickel, cobalt, lithium and copper. These materials
can be reused in a closed-loop with Redwood moving to produce anode
copper foil and cathode active materials for future battery
production. By using locally produced, recycled battery materials,
Ford can drive down costs, increase battery materials supply and
reduce its reliance on imports and mining of raw materials.
“Ford is making electric vehicles more accessible and affordable
through products like the all-electric F-150 Lightning, Mustang
Mach-E and E-Transit, and much more to come,” said Jim Farley, Ford
president and CEO. “Our partnership with Redwood Materials will be
critical to our plan to build electric vehicles at scale in
America, at the lowest possible cost and with a zero-waste
approach.”
Ford is investing more than $30 billion in electrification
through 2025, including the collaboration between Ford and Redwood,
which will help deliver on Ford’s plans to localize the battery
supply chain.
This builds on Ford’s previously announced plans to scale
battery production through multiple BlueOvalSK battery plants in
North America starting mid-decade. By building out a domestic,
sustainable supply chain with recycled materials, Ford can drive
down battery costs and help protect the environment. BlueOvalSK is
the U.S. joint venture that Ford and SK Innovation intend to form,
subject to definitive agreements, regulatory approvals, and other
conditions.
Last week, Redwood announced it will produce strategic battery
materials, supplying anode copper foil and cathode active materials
to U.S. partners. Redwood plans to transform the lithium-ion
battery supply chain by offering large-scale sources of these
domestic materials to reduce the cost and environmental footprint
of electric vehicle production. The local supply of these two
materials is a key part of Ford’s commitment to reduce the
environmental impact of battery manufacturing and continue to ramp
up electric vehicle production in the U.S.
“We are designing our battery supply chain to create a fully
closed-loop lifecycle to drive down the cost of electric vehicles
via a reliable U.S. materials supply chain,” said Lisa Drake,
Ford’s North America chief operating officer. “This approach will
help ensure valuable materials in end-of-life products re-enter the
supply chain and do not wind up in landfills, reducing our reliance
on the existing commodities supply chain that will be quickly
overwhelmed by industry demand.”
Redwood Materials, founded by JB Straubel and based in northern
Nevada, is creating a circular supply chain for batteries and
helping partners across the electric vehicle and clean energy
industries by providing pathways, processes, and technologies to
recycle and remanufacture lithium-ion batteries.
“Increasing our nation’s production of batteries and their
materials through domestic recycling can serve as a key enabler to
improve the environmental footprint of U.S. manufacturing of
lithium-ion batteries, decrease cost and, in turn, drive up
domestic adoption of electric vehicles,” said Straubel, Redwood
Materials CEO. “Redwood and Ford share an understanding that to
truly make electric vehicles sustainable and affordable, we need to
localize the existing complex and expensive supply chain network,
create pathways for end-of-life vehicles, ramp lithium-ion
recycling and increase battery production, all here in
America.”
Longer-term, Ford and Redwood plan to work together on the best
approach to collect and disassemble end-of-life batteries from
Ford’s electric vehicles for recycling and remanufacturing to help
reduce the cost associated with battery repairs and raw materials
to manufacture all-new batteries.
“Our work with Redwood will, by design, help ensure the
infrastructure is in place to cost-effectively recycle end-of-life
Ford batteries to create a robust domestic materials stream and
drive down the cost of electric vehicles,” Drake said.
Ford to support Redwood Materials expansion
To further advance these business opportunities between the
companies, Ford invested $50 million into Redwood Materials to help
the company expand its footprint in the U.S.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan, that is committed to helping build a better
world, where every person is free to move and pursue their dreams.
The company’s Ford+ plan for growth and value creation combines
existing strengths, new capabilities and always-on relationships
with customers to enrich experiences for and deepen the loyalty of
those customers. Ford designs, manufactures, markets and services a
full line of connected, increasingly electrified passenger and
commercial vehicles: Ford trucks, utility vehicles, vans and cars,
and Lincoln luxury vehicles. The company is pursuing leadership
positions in electrification, connected vehicle services and
mobility solutions, including self-driving technology, and provides
financial services through Ford Motor Credit Company. Ford employs
about 182,000 people worldwide. More information about the company,
its products and Ford Motor Credit Company is available at
corporate.ford.com.
About Redwood Materials
Redwood Materials is inventing
sustainable materials to build the world by creating circular
supply chains, turning waste into profit and solving the
environmental impacts of new products before they happen. Founded
by JB Straubel, the Nevada-based company is working to transform
the lithium-ion battery supply chain by offering large-scale
sources of domestic anode and cathode materials produced from
recycled batteries, creating a fully-closed loop that will drive
down the costs and environmental footprint of electric vehicles.
More information available at redwoodmaterials.com.
For news releases, related materials and high-resolution photos
and video, visit www.media.ford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210922005528/en/
Ford Motor Company Martin Gunsberg 313.316.5319
mgunsber@ford.com
Redwood Materials Alexis Georgeson 415.686.1512
alexis@redwoodmaterials.com
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