Battery Recycling: Watch Out Redwood Materials

Redwood Materials is a company I would like to own. Preferably in its entirety bu if that is not possible a share of the business would be acceptable. Some links below.

And from Semafor, May 15:

How China is building the next big green industry

The News
In 2016, Taiyuan became the first Chinese city to begin converting its entire taxi fleet to electric vehicles. Now, it is leading the way again by scrapping them and, in the process, planting the seeds for what may be the world’s next big green industry.

Details about the scrappage program for the more than 8,000 cabs are scarce, but as with a number of other clean-tech sectors — solar panels, electric vehicles, and wind turbines, to name a few — a combination of early and aggressive state direction, mammoth scale, and pointed regulation leave China poised to dominate the nascent world of battery recycling.

Know More
National rules in China require that all taxis — electric or not — be scrapped after eight years or 600,000 kilometers (about 370,000 miles) on the road, to ensure safety and spur technological innovation. (Electric buses, by comparison, get 13 years and 400,000 kilometers.) Authorities in Taiyuan have chosen one company to recycle the cars’ bodies, and another to handle the used batteries, Beijing News reported.

The program in Taiyuan, capital of China’s coal hub province of Shanxi, is expected to be the first of a huge number nationwide in the coming years: The country had put an estimated 132,000 electric taxis on the road by the end of 2020, all of which will have to be replaced in the coming four years. The amount of spent EV batteries in China is projected to soar from 294,000 tons in 2021 to 1.2 million tons in 2025, according to the China Automotive Technology and Research Center. By 2030, the country is expected to have three million tons of them each year, which translates into a 150-billion-yuan ($21 billion) market, the center said.

China’s taxi recycling effort paves the way for an even bigger battery-recycle market going forward as the number of privately owned EVs surges: China is the world’s fastest-growing EV market, with the overall number of “new energy vehicles” — a category that includes hybrids and fuel-cell cars — exploding from 4.9 million in 2020 to 20.4 million last year. (There are no hard scrappage rules for private cars, but EV batteries are typically designed to last five to eight years, and their per-charge range drops as time goes by.)....

....MUCH MORE

Redwood gets a mention at the bottom of this article but for anyone who would like to know more we have on offer:

April 25, 2024: "‘A Damn Hard Thing to Do’: Tesla Co-Founder JB Straubel Takes on Battery Recycling" (Redwood Materials) 

January 24, 2024: Battery Recycler Redwood Materials Plans To Enter Manufacturing Business

If interested see also:

"Here Come the Unicorns of Clean Energy"
It's Redwood that we are interested in. The other three, Climeworks, Solugen and Sila Nanotechnologies may or may not make it but Redwood seems to be a possible fortune builder.

Tech/Manufacturing/Business: "J.B. Straubel talks Tesla, Redwood Materials and keeping a startup mentality at any scale"
And un-manufacturing in the case of Redwood's battery recycling super-mega-giga-plant:

Battery Recycler Redwood Materials Will Have 5 Million Square Feet Under Roof At Its Nevada Campus

That's 115 acres (46.5 hectares) under roof. 

[we are fans: https://climateerinvest.blogspot.com/search?q=redwood+materials]