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Battery Recycler Plans $3.5 Billion Nevada Plant To Supply Electric Vehicles

Redwood Materials Plans To Open Factory Near Reno, Nevada, in 2024

Redwood Materials is building a $3.5 billion factory to make cathode material needed for electric vehicle batteries. Its plant will be located near Tesla's factory (pictured) near Reno, Nevada. (CoStar)
Redwood Materials is building a $3.5 billion factory to make cathode material needed for electric vehicle batteries. Its plant will be located near Tesla's factory (pictured) near Reno, Nevada. (CoStar)

A startup led by a former Tesla executive plans to invest $3.5 billion in a factory near Reno, Nevada, to make cathode material, an essential component of batteries for increasingly popular electric vehicles.

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