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| Redwood |
BMW Group has partnered with US-based battery recycler Redwood Materials to process lithium-ion batteries from its electric vehicle (EV) fleet. This agreement, unveiled on Monday, grants Redwood access to over 700 BMW Group locations across the US, including dealerships, distribution centers, and internal facilities, to recover end-of-life batteries.
Building a Stronger Battery Recycling Network
Redwood’s proximity to BMW’s manufacturing plants in Spartanburg and Woodruff, South Carolina, enhances the synergy between the two companies. Both parties have committed to expanding their recycling operations in the region. BMW has set a target to produce six EV models in the US by 2030, investing $1 billion to revamp the Spartanburg plant to manufacture electric SUVs by 2026. In support, Woodruff’s new $700 million battery assembly plant will supply batteries to Spartanburg, with operations expected to begin by 2026.
This partnership with BMW complements Redwood’s broader strategy of collaborating with automakers and battery producers. Earlier this year, Redwood inked a deal with Ultium—a General Motors and LG Chem joint venture—to recycle production waste from two facilities, collectively estimated to generate 10,000 metric tonnes of cathode and anode scrap annually.
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