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EV Battery recycling company to make $200 million/year

December 02,2024

EV Battery recycling company by Tesla founder to make $200 million/year

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Redwood Materials, an EV battery recycling company by Tesla Cofounder JB Strubel to make millions of dollars in revenue this year. Redwoods take raw materials from used batteries and makes them reusable through processing. Till date, the company has extracted Lithium and Nickle equivalently sufficient to supply 20GW hrs of lithium-ion batteries i.

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