UPDATE 1-Redwood, led by Tesla co-founder, to build battery materials in U.S.

update 1 redwood led by tesla co founder to build battery materials in u s

Sumary of UPDATE 1-Redwood, led by Tesla co-founder, to build battery materials in U.S.:

  • By Reuters Staff2 Min Read(Reuters) – Redwood Materials led by Tesla co-founder J.
  • Straubel said on Tuesday it will build its battery materials manufacturing facility in the United States, as the country seeks to cut reliance on imports for the key component for electric vehicles.
  • The Biden administration has been trying to expand domestic supply of key components, such as batteries and computer chips, as part of efforts to reduce dependence on China and other countries.

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