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Which major EV manufacturer will first use Redwood Materials' CAM by December 31, 2024?
2
Resolution / Starting Odds
Tesla • 25%
Ford • 25%
General Motors • 25%
Other • 25%
Official announcements by Redwood Materials or the EV manufacturer
Story
Redwood Materials' Nevada Facility to Produce 100 GWh CAM, Powering 1.3M EVs
Aug 27, 2024, 06:05 PM
Redwood Materials has announced the completion of the structural phase of its cathode facility in Nevada, marking the first commercial supply of Cathode Active Material (CAM) in the United States. The facility is set to produce 20 GWh of CAM annually, with plans to expand its capacity to 100 GWh, which would be sufficient to power 1.3 million electric vehicles each year. This development represents a significant milestone in the domestic battery supply chain, aiming to reduce reliance on foreign materials and enhance the sustainability of electric vehicle production.
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