FILE PHOTO: Ford Mustang Mach-E GT is seen during the Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Michaela Rehle/File Photo
(Reuters) - Ford Motor Co and startup Redwood Materials said on Wednesday they are partnering to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.
The aim is to lower the cost of EVs by reducing the dependence on imported materials, while also narrowing the environmental impact from mining and refining of battery materials.
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