Biden Administration Allocates $3 Billion for Battery Manufacturing to Boost Job Creation and National Security
The Biden-Harris administration has announced a significant investment of over $3 billion to bolster America's battery manufacturing sector, aimed at creating more than 12,000 jobs and enhancing national security. This funding will support 25 projects across 14 states, strategically positioning the U.S. to counter China's growing dominance in electric vehicle (EV) battery production. Notable grants include $200 million awarded to Group14 for constructing a silane factory, as well as $355 million allocated for EV battery projects in Michigan. The initiative emphasizes the Biden administration's commitment to domestic battery production and a sustainable energy future.