Redwood Materials to build multibillion-dollar factory in the U.S. “battery belt”

Redwood Materials said Wednesday it will build a new battery materials and recycling facility on a 600-acre campus near Charleston, South Carolina that will eventually employ 1,500 people and make enough cathode and anodes components to supply one million EVs annually.
Little is known about the incentives deal the company struck with the state. However, Redwood, a battery materials and recycling startup founded by former Tesla co-founder and CTO JB Straubel, has agreed to spend at least $3.5 billion in the area within the decade. Notably, the company said its entire South Carolina operations w

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