After Ford Motor Company and Panasonic Holdings Corporation, the Japanese car giant, Toyota Motor, is joining the initiative to recycle and supply battery materials, launched by the start-up Redwood Materials. The partnership aims to create a true closed loop solution for batteries “, before extending to other areas, such as ” tracking and sourcing of materials “, emphasizes the communicated release from Redwood.
Reduce environmental footprint
Toyota Motor and Redwood Materials announced their collaboration to deploy end-of-life battery recycling solutions. As part of this association, the two companies will establish a circuit for collecting and reconditioning batteries in order to reduce their ecological impact.
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The first part of the mission focuses on the collection, testing and recycling of batteries from hybrid vehicles. These operations will mainly take place in Nevada, near California, the largest market for electric vehicles in the world which also sees a large number of first-generation Toyota Prius.
According to Christopher Yang, vice president of business development at Toyota, this partnership contributes to carbon neutrality goals », fixed by the company until 2050.
Reduce the cost of electric cars
With 6.75 million units sold worldwide in 2021, the electric vehicle market is booming and continues to gain momentum. In order to support this migration to electric mobility, Redwood Materials wants to create a less polluting and less expensive circuit for the batteries.
” NOTe receive more than ~6 GWh of end-of-life batteries each year for recycling, which are then restored and remanufactured. We are increasing the production of anode and cathode components in the United States to 100 GWh per year by 2025, enough to produce more than one million electric vehicles per year, then to 500 GWh, enough for five million electric vehicles per year, by 2030 “, explains the company in its press release.