EV battery component maker Redwood Materials has just broke ground on their massive new $3.5 billion plant in the Charleston area. The company’s new anode recycling and battery component manufacturing facility will span over 600 acres.
The facility is being built at the new Battery Materials Campus, situated in the Camp Hall Commerce Park in northern Berkeley County. Once completed, it’s expected to create 1,500 jobs over the next decade.
NEWS: Tesla and Panasonic partner Redwood Materials has broken ground on a $3.5 billion battery plant in South Carolina, set to be the JB Straubel-led company’s second. https://t.co/sAP2U4zv0t
— Sawyer Merritt (@SawyerMerritt) January 29, 2024
Founded in 2017, Redwood Materials stands out as the world’s first company to recycle used electric vehicle batteries and other battery types. It extracts vital components from these batteries, which are currently sourced exclusively from Asia, and supplies them to car manufacturers for use in new electric vehicle batteries.
Redwood Materials collaborates with auto dismantlers to obtain used and end-of-life electric vehicle batteries, targeting those from cars that have either reached the end of their lifecycle or have been rendered inoperable due to accidents.