FORD, VOLVO TO REVATIALIZE OLD EV BATTERIES

Ford Motor Company and Volvo Cars are collaborating with an e-waste startup to launch a first-of-its-kind electric vehicle (EV) battery recycling program in California, the companies announced Thursday.

The companies will work to create “efficient, safe and effective recovery pathways for end-of-life hybrid and electric vehicle battery packs,” stated a news release from the startup, Redwood Materials.

While Ford and Volvo are the first carmakers to offer their support to the program, the operation will accept all lithium-ion and nickel metal hydride batteries in California, the partners added.

“We are excited to be strengthening our partnership with Redwood Materials in identifying solutions for electric vehicle batteries that have reached the end of their useful lives,” Ford president and CEO Jim Farley said in a statement Thursday.