Redwood Materials has selected South Carolina as the site of its next battery recycling facility as it scales up production in the US.
South Carolina is rapidly becoming a focal point of the EV revolution in America. Hyundai has begun construction of a $5 billion factory to build electric cars in South Carolina. BMW and Volvo have factories in the state. They don’t manufacture electric cars yet, but likely will do so soon in order for those cars to be eligible for US tax incentives. This week,it will start construction on a $3.2 billion battery recycling facility on 600 acres near Charleston, South Carolina early next year.
Currently, anode and cathode components are not produced in North America. Battery cell manufacturers have to source them via a 50,000+ mile long global supply chain. As a result, US battery manufacturers will spend more than $150B purchasing those components from other countries by 2030. Its next Battery Materials Campus will be in the heart of the “Battery Belt” in Camp Hall just outside of Charleston. Redwood will recycle, refine, and manufacture anode and cathode components on more than 600 acres, creating more than 1,500 jobs, and investing $3.5 billion in the local community. Eventually, this campus will produce 100 GWh of cathode and anode components per year — enough to power more than one million EVs.
South Carolina has been home to the automotive industry for nearly three decades, with more than 500 automotive companies and 72,000 autoworkers. It is committed to creating a secure energy future and a competitive landscape for electric vehicle manufacturing supported by a world class workforce, fast and efficient logistics, and zero carbon electricity. All those factors plus the availability of a phenomenal site made it a smart decision for Redwood Materials to invest in South Carolina.
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