The new Prime Minister, Anthony Albanese, promised $100 million...

The new Prime Minister, Anthony Albanese, promised $100 million for a battery manufacturing precinct in regional Queensland if Labor were to win the election.The ‘Australian Made Battery plan’ was announced in Gladstone, Queensland, where Albanese pointed to the funding to bolster Australian car manufacturing and new industries to access critical and rare earth minerals.The plan includesartnering with the Queensland Government to create a Battery Manufacturing Precinct in Queensland, backed by a $100 million Commonwealth equity injection.Creating a Powering Australia Industry Growth Centre to provide advanced technology and skills development to businesses looking to locally manufacture renewable energy technologies.Supporting 10,000 New Energy Apprenticeships, including around 2,000 expected in Queensland.Developing a National Battery Strategy to bring government and business efforts together for the long term good of the nation. QUOTE
COB’s collaboration with Queensland Government could pay dividends IMO

https://www.ferret.com.au/news/albanese-pledges-to-fund-battery-manufacturing-plant/