Ford invests $50M, partners with Tesla co-founder's battery-recycling company

Redwood

Michael Martinez

September 22, 2021 12:30 PM

DETROIT — Ford Motor Co. is investing $50 million in Redwood Materials, a battery-recycling company created by Tesla co-founder J.B. Straubel, and plans to partner with the startup to eliminate waste and eventually reuse components from its impending wave of electric vehicles.

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