WSJ News Exclusive | Redwood Materials plans $3.5 billion battery-materials plant in Nevada

operated by the company Tesla Inc.’s former chief technology officer plans to spend $3.5 billion on a battery-materials factory in northwest Nevada, a stipulation that demand for electric vehicles Just starting to take off.

Redwood Materials Inc., under construction outside Reno, Nev. The plant is expected to be one of the first US facilities to produce key materials needed to make batteries that power electric vehicles.