WSJ News Exclusive | Redwood Materials Plans $3.5 Billion Battery-Materials Plant in Nevada

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WSJ News Exclusive | Redwood Materials Plans $3.5 Billion Battery-Materials Plant in Nevada
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A company run by Tesla’s former chief tech officer is committing $3.5 billion to a battery-materials factory in Nevada

As Tesla and others make more electric vehicles, JB Straubel bets on Nevada factory designed to produce materials needed to make rechargeable battery cells

Lithium prices are rising as demand for the key ingredient in electric car batteries grows, amid a broader push to move away from oil and gas. But extraction of the metal is time consuming and potentially harmful to the environment, and plans to produce more have prompted protests. Photo: STR/Getty Images, Oliver Bunic/AFP/Getty ImagesThe company run by Tesla Inc.’s former chief technology officer plans to spend $3.

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