US announces $3 billion in funding for new battery projects
SMRTR summary
The US Department of Energy will allocate over $3 billion to 25 battery projects across 14 states, supporting critical mineral processing, battery manufacturing, and recycling. This initiative, part of the Biden administration's push for domestic manufacturing, is expected to create 12,000 jobs and boost US battery production capacity to compete with China's current 85% global market share.
SMRTR provides this summary for quick context. The original article belongs to The Verge.
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