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‘Too early’ to talk IPO, Redwood Materials’ incoming CFO says

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Lithium powder from recycled batteries at the Redwood Materials recycling and manufacturing facility in McCarran, Nevada, US, on Friday, March 22, 2024. Redwood plans to manufacture enough of cathode active material, responsible for a third of the cost of a battery, to build more than 1.3 million EVs a year by 2028, in addition to other battery components that have never been made in the US before

Redwood Materials has finally found a new chief financial officer roughly a year and a half after its last one departed. He’s a familiar face to the former Tesla executives running the battery recycling and energy storage company.

On Monday, Redwood Materials said it has hired former Tesla…

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