Areas include end-of-life battery solutions
for its battery ecosystem, including battery collection, testing
& evaluation, remanufacturing, recycling and battery materials
production
PLANO,
Texas and CARSON CITY,
Nev., June 21, 2022 /PRNewswire/ -- Toyota
Motor North America (Toyota), as part of its commitment to reduce
its environmental footprint year after year and achieve carbon
neutrality by 2050, has embarked on a mission to create a
sustainable, closed-loop battery ecosystem for its electrified
powertrains. This mission focuses not only on the collection,
testing and recycling of batteries into raw materials to create a
sustainable supply chain, but also aims to develop second-life
opportunities for remanufactured and repurposed Toyota hybrid
electric vehicle batteries by leveraging battery health screening
tools and empowering data from its vehicles.
In connection with these goals, Toyota and Redwood Materials
(Redwood) will explore a series of end-of-life battery solutions
for Toyota's proposed battery ecosystem. Initially, this
collaboration will focus on the collection, testing and recycling
of Toyota hybrid electric vehicle batteries. The companies will
then look to expand into other areas such as battery health
screening and data management, remanufacturing and battery material
supply throughout North
America.
"We are excited to be working with Redwood Materials to identify
solutions for our electrified powertrains at the end-of-life that
contributes to our vision of creating a sustainable, circular
battery ecosystem," said Christopher
Yang, group vice president of Business Development at
Toyota. "We are committed to developing sustainable solutions that
allow our batteries to provide value beyond the initial lifecycle
in an electrified vehicle. This also contributes to our carbon
neutrality goals and our mission to build a more sustainable world
for all."
Redwood Materials is driving down the environmental footprint
and cost of lithium-ion batteries by offering large-scale sources
of domestic anode and cathode materials produced from recycled
batteries. Redwood receives more than ~6 GWh of end-of-life
batteries annually for recycling, which are then refined and
remanufactured into critical battery materials. The company plans
to ramp production of anode and cathode components in the US to 100
GWh annually by 2025, enough to produce more than one million
electric vehicles a year. Together, Toyota and Redwood will
investigate ways to seamlessly incorporate battery recycling
through domestic battery materials manufacturing into Toyota's
battery production strategy, beginning with North America.
"Toyota helped pave the way for clean transportation with the
introduction of the Toyota Prius more than 20 years ago. Their
commitment not only to sell millions of electrified vehicles this
decade but to ensure their circularity into the future is a
critical step for electrification," said JB Straubel, Redwood
Materials founder and CEO. "Redwood and Toyota's shared vision to
drive down the environmental footprint and cost of transportation
will continue to accelerate the adoption and access to electric
vehicles."
Toyota's production plans include new and increased automotive
battery production in the United
States. Recently Toyota announced an investment of
$1.29 billion in a new North American
battery plant, Toyota Battery Manufacturing, North Carolina (TBMNC). When completed, TBMNC
is anticipated to produce battery packs for 1.2 million electrified
vehicles per year. Toyota expects to sell eight million electrified
vehicles globally by 2030 and invest $70B in their development.
About Toyota
Toyota (NYSE:TM) has been a part of the
cultural fabric in the U.S. for more than 60 years, and is
committed to advancing sustainable, next-generation mobility
through our Toyota and Lexus brands, plus our nearly 1,500
dealerships.
Toyota directly employs more than 39,000 people in the U.S. who
have contributed to the design, engineering, and assembly of nearly
32 million cars and trucks at our nine manufacturing plants. By
2025, Toyota's 10th plant in North
Carolina will begin to manufacture automotive batteries for
electrified vehicles. With the more electrified vehicles on
the road than any other automaker, a quarter of the company's 2021
U.S. sales were electrified.
To help inspire the next generation for a career in STEM-based
fields, including mobility, Toyota launched its virtual education
hub at www.TourToyota.com with an immersive experience and chance
to virtually visit many of our U.S. manufacturing facilities. The
hub also includes a series of free STEM-based lessons and
curriculum through Toyota USA
Foundation partners, virtual field trips and more. For more
information about Toyota, visit www.ToyotaNewsroom.com.
About Redwood Materials
Redwood Materials is creating
a circular supply chain to drive down the environmental footprint
and cost of lithium-ion batteries and the electric vehicles and
sustainable energy storage systems they power. Founded by JB
Straubel, the Nevada-based company
is offering large-scale sources of domestic anode and cathode
materials produced from recycled batteries. Redwood receives more
than ~6 GWh of end-of-life batteries annually for recycling, which
are then refined and remanufactured into critical battery
materials. The company plans to ramp production of anode and
cathode components in the US to 100 GWh annually by 2025, enough to
produce more than one million electric vehicles a year.
Media Contacts
Toyota Motor North
America
Josh Burns
Joshua.Burns@toyota.com
Redwood Materials
Alexis Georgeson
alexis@redwoodmaterials.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/toyota-to-collaborate-with-redwood-materials-on-a-sustainable-closed-loop-electrified-vehicle-battery-ecosystem-301571693.html
SOURCE Toyota Motor North America