Redwood Materials to build next Li-ion battery recycling and remanufacturing center in South Carolina
Green Car Congress
DECEMBER 18, 2022
Currently, anode and cathode components are not produced in North America, and battery cell manufacturers have to source them via a 50,000+ mile global supply chain. Map via Federal Reserve Bank of Dallas. As a result, US battery manufacturers will spend more than $150 billion overseas on these components by 2030, Redwood says.
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