Business Maverick: Tesla Co-Founder Joins With Toyota to Recycle Car Batteries

The world’s biggest automaker and Redwood plan to create a “closed-loop” supply chain for electric-vehicle batteries that involves collecting end-of-life cells for reuse and repurposing of materials, according to a statement Tuesday.

The companies will initially try testing and recycling batteries from Toyota’s early-generation Prius models, the world’s first mass-produced hybrid car when it made its debut in the US around the turn of the century. Battery-powered vehicles retiring from roads today are “predominantly” Priuses, according to the statement.

Toyota and Redwood plan to address surging battery prices and shortages of metals and materials that are forecast to accompany a rapid global shift to EVs. Battery supply snags

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