Ford has invested $50 million in Redwood Materials, an EV battery recycling company founded by ex-Tesla chief technology officer JB Straubel. Not only does this partnership give Ford a place to send old batteries, but it places the motor company at the forefront of sustainable EV manufacturing, as it hopes to develop a “closed-loop” supply chain with Redwood.
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Source : Ford Teams Up with Battery Recycler to Change How EVs Are Manufactured
