Battery recycler Redwood Materials and vehicle OEM Toyota Motor North America will work together to create a lithium-ion closed-loop system across the latter’s lineup of electric vehicles.
The firms will create a circulor solution for batteries initially focused on testing and recycling Toyota batteries and delivering end-of-life pathways for hybrid electric vehicles.
The companies will then expand into other areas including battery health screening and data management, remanufacturing, and battery material supply throughout North America.
Together, Toyota and Redwood will work to incorporate battery recycling through domestic battery materials manufacturing into Toyota’s battery production strategy.
Work will initially be focused on Redwood’s Northern Nevada Battery Materials Campus, in the US.
Redwood’s plans for additional operations, could see a plant located in the region of Toyota’s North American battery plant in North Carolina.
Redwood offers a source of US-manufactured anode and cathode materials produced from recycled batteries.
The company says it receives ~6 GWh of end-of-life batteries annually for recycling, which are then refined and remanufactured into critical battery materials.
The firm plans to ramp-up production of anode and cathode components in the US to 100GWh annually by 2025, and then to 500GWh, annually, by 2030.