Reported 18 days ago
The US Energy Department announced a plan to allocate $3 billion to 25 battery manufacturing projects across 14 states, aiming to enhance domestic production and reduce reliance on China. The funding will support the production of key battery materials and components, with expectations of generating $16 billion in investments and creating around 12,000 jobs. Notable recipients include Albemarle and Honeywell, focusing on advanced lithium-ion battery technologies and recycling initiatives.
Source: YAHOO