Tesla partner Redwood Materials invests 25.13 billion yuan to build battery recycling plant in South Carolina

Tesla and Panasonic partner Redwood Materials has officially started construction of a battery recycling plant in South Carolina, USA, with an investment of US$3.5 billion (approximately RMB 25.13 billion). This is the second battery recycling plant in South Carolina led by the company led by JB Straubel.