The US battery recycling company Redwood Materials wants to expand to Europe, as “Der Spiegel” reports. The former CTO and co-founder of Tesla, JB Straubel, who is now head of Redwood Materials, wants to build at least two large factories in Europe for recycling and the sustainable production of battery materials. To this end, he will invest several billion euros in the coming years.
Redwood is already looking for European locations. The plants are to be built as close as possible to existing car and battery factories. In addition to Scandinavia, Great Britain and Eastern Europe, Germany is also an option. As early as 2024, Redwood could therefore produce sustainable raw materials for batteries in Europe.
In Europe, the e-car market is developing more dynamically than in the USA, Straubel told Der Spiegel. However, the e-car boom poses enormous challenges for the automotive industry. “After the chip crisis, the next threat is massive shortages of battery materials,” says Straubel. (os)
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Production capacities for lithium-ion batteries 2019 to 2029