The terms of the new agreement were not made public. It is known that Redwood will provide copper foil for anodes and recycled cathode-active materials to Toyota so that the company may produce fresh batteries at its facility in North Carolina.
Toyota intends to open the facility around 2025. An estimated $14 billion will be invested in the project.
By 2035, the Japanese business wants all of its global operations and its cars to be carbon neutral.
source: reuters.com
