The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.
First such mine in the country for decades could be followed by others in Idaho region.
Big EV battery, materials supplier says cutting it out is ‘discriminatory.’
High-level delegations discuss how they can eat into Asia dominance in semiconductors and batteries for EVs
Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.
Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
GM reported it had agreed to a multiyear deal for cobalt from Glencore’s Murrin Murrin mine in Australia.
Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.
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