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BMW is partnering with Redwood Materials to recycle lithium-ion batteries used in the German automaker's electric vehicles throughout the United States, the companies said Thursday. Redwood, which is building a $3.5 billion battery recycling plant in Berkeley County, will get end-of-life batteries from BMW's U.
S. network of more than 700 locations, including dealerships, distribution centers and other facilities for use in recycling programs that recover critical minerals like lithium, cobalt and nickel. Those minerals can then be used for production of new batteries powering electric vehicles.
BMW, which makes X-model SUVs in the Upstate, will supply old batteries from those cars as well as other BMW, MINI and Rolls Royce vehicles and BMW Motorad motorcycles. Financial terms of the deal were not disclosed. SC battery-recycling plant owner breaks ground on $3.
5B Lowcountry project "Our relationship with BMW of North America embodies our continued commitment to recovering end-of-life EV battery packs to ensure valuable materials are recycled, refined and returned to the battery supply chain to build increasingly sustainable electric vehicles," Redwood said in a statement. "Unlike fossil fuels, the critical minerals inside of a battery are infinitely recyclable and are not consumed or lost in their lifetime of usage in the vehicle." Carson City, Nev.
-based Redwood estimates between 95 percent and 98 percent of EV battery minerals can be returned to the supply chain. Today's Top Headlines Story continues below Judge in Murdaugh-related case over leaked photos of Mallory Beach's body asked to step down USC students' ‘roast’ featuring Proud Boys founder draws rowdy crowd, small protest How a Beaufort family found a genie lamp in Spartanburg with wishes worth up to $1.2M Owner agrees to sell Nautilus Fitness Center to city of Spartanburg, ending 47 years in business Trader Joe's tote bags are coming back.
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.. on video': SC man recovering after being bitten by world's most venomous snake Indie horror movie filmed in Columbia uses Papa Jazz, New Brookland Tavern as settings Stephen Colbert's new cookbook with his wife was inspired by pandemic living on Sullivan's Island “Together with Redwood Materials, BMW is laying the groundwork for the creation of a fully circular battery supply chain in the U.
S.,” Denise Melville, head of sustainability for BMW of North America, said in a written statement. “We have said before that the future of BMW was electric, digital and circular, and this agreement brings us a step closer to meeting that goal.
” SC paves the way for Berkeley County battery recycler's $190M bond deal BMW in 2022 announced that it will invest $1.7 billion to build electric X-model cars at its Spartanburg County plant and batteries with partner AESC Envision in Woodruff. All told, BMW has invested $13.
3 billion since 1992 at its Upstate factory, the automaker's largest. “The transition to electric mobility presents a tremendous opportunity to rethink how we manage the batteries that power our clean energy future," Cal Lankton, chief commercial officer at Redwood, said in a statement. “Our partnership with BMW of North America ensures responsible end-of-life battery management that will improve the environmental footprint of lithium-ion batteries, help decrease cost and, in turn, increase access and adoption of electric vehicles.
” SC battery recycler Redwood Materials raises $1B to support operations The plant that Redwood is building in Santee Cooper's Camp Hall Commerce Park in Ridgeville is the single largest industrial investment in South Carolina. The first phase, which broke ground in January, will include a warehouse, offices and lab space. The site will also eventually produce anode copper foil and cathode materials — the two main components in a battery cell.
The Lowcountry facility will join an existing Redwood recycling plant in Reno, Nev. Redwood, founded by former Tesla executive JB Straubel, has announced several partnerships in recent years with manufacturers including Volkswagen Group, Toyota, Ford Motor Co. and Panasonic.
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