Home » Energy » Redwood Materials Targets 500 GWh/Year of Cathode and Anodes by 2030.

By early 2022, Redwood Materials will announce a site for a North American battery materials manufacturing facility, aiming to produce 100 GWh/year of cathode active materials and anode foil for one million electric vehicles by 2025.

By 2030, we expect our production output to scale to 500 GWh/year of materials which would enable enough batteries to power five million electric vehicles or nearly half of the US’ annual vehicle production.

Falling battery prices have now made the cathode and anode about half of the total cost of the battery power system.

Redwood will produce strategic battery materials in the US, first supplying battery cell manufacturing partners with anode copper foil and cathode active materials!