On June 22, the Japanese automaker Toyota established a cooperative relationship with Redwood materials, a battery recycling company founded by JB Straubel, the co-founder and chief technology officer of Tesla, to collect and recycle automotive batteries

on Tuesday local time, Redwood materials said that Toyota has joined the comprehensive recovery and recycling plan of electric vehicle batteries. At present, it mainly recycles battery materials for scrapped Prius hybrid vehicles. It is reported that Redwood materials' plan is to renovate or decompose the used batteries that have been used for a long time, and use the extracted useful materials to manufacture new batteries

redwood materials specially plans to produce cathode and anode materials for electric vehicle batteries. Its partners include automobile manufacturer Ford and battery manufacturer Panasonic. The ultimate goal of the company is to create a "closed-loop supply chain for electric vehicles", extract battery materials from scrapped electric vehicles and convert them into batteries for new electric vehicles

although Toyota is currently launching the first long-life electric vehicle, the new vehicles are not the focus of cooperation between the two sides at present, because the batteries of these vehicles are still relatively new

on the contrary, Toyota and Sequoia are focusing on "the first wave of battery powered electric vehicles". Products such as Prius hybrid vehicles have been off the assembly line for nearly 20 years and are close to being scrapped

Straubel said in an interview that the company's initial work is focused on a 70 hectare Park in northern Nevada and plans to build another comprehensive facility in the southeastern United States

redwood materials said that it hopes to carry out some business near the "Toyota recently announced North American battery plant" on the east coast of the United States in the future, which may refer to Toyota's battery plant in North Carolina

in addition to supplying battery materials for the North Carolina battery plant that Toyota plans to invest US $1.3 billion, the new Redwood materials plant on the east coast will also supply batteries for the battery plants that Ford and SK on of South Korea plan to set up in Tennessee and Kentucky

it is worth noting that Redwood materials' technologies and methods for recycling automotive battery materials have not been tested on a large scale. In February this year, the company, in cooperation with Ford and Volvo, just started the project of disposing of scrapped electric vehicles

on Tuesday, Redwood materials said that the value of battery cathode and anode components that can be recycled every year is about 60 GW. It hopes to produce 100 GW of battery components by 2025 and 500 GW by 2030, enough to meet the capacity of 5million electric vehicles

elonmusk, CEO of Tesla, once said that Tesla is expected to produce up to 20million electric vehicles every year by 2030, and the global total output of electric vehicles may be as high as 40million at that time

strauber said that rosewood materials was having "various discussions" with Tesla, but had not announced any transaction

at present, the manufacturing of electric vehicle batteries is still extremely expensive, and some companies are difficult to carry out mass production, which also hinders the production capacity of electric vehicles to a certain extent. This process will not become cheaper in the short term, so automakers must have the incentive to find and fund battery recycling projects. (Chenchen)