Panasonic, Redwood Materials strike battery component deal
JB Straubel sits down with CNBC's Phil LeBeau at Redwood Materials.Panasonic Energy of North America, the largest supplier of battery cells for electric vehicles in the U.S., has struck a deal with Nevada-based battery recycling company Redwood Materials to buy a key material for the production of batteries.Redwood Materials, which will supply high-nickel cathode to Panasonic Energy starting in 2025, says the agreement is worth billions of dollars, but declined to give an exact figure. "I think it's a bigger deal than is…