US Injects $3bn into Electric Battery Production to Counter China's Dominance
The Biden administration has allocated $3 billion to enhance domestic electric vehicle (EV) battery production, aiming to counter China's dominance in the global battery market. This funding will support 25 projects across multiple states, focusing on materials like lithium and graphite crucial for EV batteries. This initiative is part of a broader strategy to strengthen U.S. manufacturing, reduce dependency on foreign minerals, and advance the nation's climate change goals.
US Injects $3bn into Electric Battery Production to Counter...
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