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<blockquote data-quote="Weather Man" data-source="post: 16671893" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3742215-ford-strikes-key-partnership-on-electric-battery-recycling-with-eyes-on-the-future" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3742215-ford-strikes-key-partnership-on-electric-battery-recycling-with-eyes-on-the-future" target="_blank">Ford strikes key partnership on electric battery recycling with eyes on the future</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Ford Motor Company (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) says it will <a href="https://seekingalpha.com/pr/18482685-ford-redwood-materials-teaming-up-on-closed-loop-battery-recycling-u-s-supply-chain" target="_blank">collaborate</a> with battery materials company Redwood to integrate battery recycling into Ford’s domestic battery strategy.</li> <li data-xf-list-type="ul">The auto giant notes that Redwood’s recycling technology can recover more than 95% of the elements like nickel, cobalt, lithium and copper on average. Those materials can then be reused in a closed-loop with Redwood moving to produce anode copper foil and cathode active materials for future battery production. Ford expects to drive down costs by using locally produced, recycled battery materials. The automaker can also increase battery materials supply and reduce its reliance on imports and mining of raw materials.</li> <li data-xf-list-type="ul">"Our partnership with Redwood Materials will be critical to our plan to build electric vehicles at scale in America, at the lowest possible cost and with a zero-waste approach," says Ford CEO Jim Farley.</li> <li data-xf-list-type="ul">F +0.548% premarket to $12.84.</li> <li data-xf-list-type="ul">The global chip shortage has taken some of the investor buzz out of Ford's big electrification push that includes a <a href="https://seekingalpha.com/news/3656728-ford-leans-on-google-for-connected-vehicle-tech" target="_blank">tech partnership with Google.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16671893, member: 137766"] [URL='https://seekingalpha.com/news/3742215-ford-strikes-key-partnership-on-electric-battery-recycling-with-eyes-on-the-future'] Ford strikes key partnership on electric battery recycling with eyes on the future[/URL] [LIST] [*]Ford Motor Company (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) says it will [URL='https://seekingalpha.com/pr/18482685-ford-redwood-materials-teaming-up-on-closed-loop-battery-recycling-u-s-supply-chain']collaborate[/URL] with battery materials company Redwood to integrate battery recycling into Ford’s domestic battery strategy. [*]The auto giant notes that Redwood’s recycling technology can recover more than 95% of the elements like nickel, cobalt, lithium and copper on average. Those materials can then be reused in a closed-loop with Redwood moving to produce anode copper foil and cathode active materials for future battery production. Ford expects to drive down costs by using locally produced, recycled battery materials. The automaker can also increase battery materials supply and reduce its reliance on imports and mining of raw materials. [*]"Our partnership with Redwood Materials will be critical to our plan to build electric vehicles at scale in America, at the lowest possible cost and with a zero-waste approach," says Ford CEO Jim Farley. [*]F +0.548% premarket to $12.84. [*]The global chip shortage has taken some of the investor buzz out of Ford's big electrification push that includes a [URL='https://seekingalpha.com/news/3656728-ford-leans-on-google-for-connected-vehicle-tech']tech partnership with Google.[/URL] [/LIST] [/QUOTE]
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