Monthly Archive: July 2023

Redwood Materials May Be Worth $5 Billion Already

Battery recycling company and Tesla partner Redwood Materials is currently in discussion to raise as much as $700 million in funding. If all goes according to plan, the funding would put the company’s valuation at nearly $5 billion ahead of the company’s plans to construct a new factory in Nevada — though it isn’t yet a done […]

Hyundai & Seoul National University Launch Battery Research Center

As I wrote earlier today, this new electric vehicle era is all about batteries, batteries, batteries. Much of that simply means scaling up the battery supply chain and scaling up battery production, but it also means innovating and improving battery chemistry. While Hyundai is working with SK On and LG Energy Solution on the former, […]