A Nevada-based electric vehicle (EV) battery startup company has announced its plans for a $3.5 billion recycling, refining, and remanufacturing battery plant in Berkeley County near Charleston, South Carolina.
Redwood Materials, started by Tesla co-founder JB Straubel, was referenced among key players in mineral production in President Joe Biden’s Feb. 22 Fact Sheet on Securing a Made in America Supply Chain for Critical Minerals.
The company’s investment marks the largest economic development project in the state, which will create 1,500 jobs, Gov. Henry McMaster, a Republican, said in a press release.
The South Carolina Battery Materials Campus will manufacture a circular supply chain for EVs, McMaster stated….