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Ford invests $50 million in an EV battery recycling company Ford invests $50 million in an EV battery recycling company
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Ford invests $50 million in an EV battery recycling company
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Old 23rd September 2021, 07:19   #1
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Default Ford invests $50 million in an EV battery recycling company

Ford has announced a partnership with Redwood Materials to recycle electric vehicle batteries. The automaker is investing $50 million in the startup, whose co-founder and CEO is Tesla's former chief technology officer JB Straubel. Redwood, which also recycles batteries for e-bike company Specialized, will use the funds to expand its manufacturing facilities.

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