Redwood Materials plans to spend $3.5 billion for EV battery essentials plant in Nevada
Redwood Materials, founded by former Tesla Inc. executive JB Straubel, said on Monday it plans to spend $3.5 billion on a battery-materials factory in northwest Nevada. The auto industry has been ramping up production of electric vehicles to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc. […]
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