Redwood Materials pledges $3.5B, 1,500-job battery recycling campus in SC

RIDGEVILLE, S.C. — A major economic development announcement for the state of South Carolina was made today. Redwood Materials said it will invest $3.5 billion in a new campus at Camp Hall Commerce Park in Ridgeville, near Charleston.

ALSO READ: Charleston restaurant known for frosé to open in South End

The Carson City, Nevada-based company, which makes battery components for electric vehicles, said it plans to create 1,500 jobs there. The more than 600-acre campus will “produce enough anode and cathode material for 100 gigawatt-hours (GWh) of battery cell production or 1 million electric vehicles each year,” a news release stated.

The pledged investment of $3.5 billion represents South Carolina’s largest-ever economic development announcement, state officials said.

Redwood Materials said it plans to break ground on the Ridgeville campus in the first quarter and have its first recycling process in operation by the end of 2023. The company added that it will build out “downstream component manufacturing and scale, step-by-step.”

Redwood Materials pledges $3.5B, 1,500-job battery recycling campus in SC

Most Read

These are the jobs paying over $100K in the Charlotte area

Photos: Passengers evacuated after American Airlines flight makes emergency landing

How overtime, noncompete changes could affect Charlotte workers

Local mom gets kids’ stolen dirt bikes back by tracking them with AirTags

18-year-old back in jail after alleged shooting at school bus stop