Category: Batteries

Redwood Materials will help BMW recycle EV batteries

BMW Vision Neue Klasse X conceptBMW will turn to Redwood Materials for recycling of batteries from its EVs, plug-in hybrids, and mild hybrids in the U.S., the automaker announced Thursday. The agreement, which covers the BMW, Rolls-Royce, and Mini brands, as well as BMW's motorcycles, will see Redwood work directly with BMW dealerships, distribution centers, and other U.S...

Northvolt cutting costs, undergoing strategic review

Volvo and Northvolt partner on battery development and productionSwedish battery maker Northvolt is undertaking a strategic review that could lead to job losses as the company aims to cut costs and scale back ambitious expansion plans, Reuters reported Monday. "No final decisions have been made on the precise nature of any (workforce) resizing," Northvolt said in a statement to Reuters. The company has decided...

GM-Samsung $3.5B battery plant coming to Indiana

2024 Chevrolet Equinox EVSamsung SDI on Wednesday said it had signed an agreement with General Motors for a joint EV battery factory in Indiana. First reported by Reuters, the deal calls for the two companies to invest $3.5 billion in the factory, which targets annual production capacity of 27 gigawatt-hours of cells. Samsung reportedly expects the factory to begin mass...