Biden Awards $2.8B To Boost Domestic EV Battery Supply
President Joe Biden announced $2.8 billion in grants on Wednesday to expand U.S. production of electric vehicle batteries, with some awards going to suppliers of major auto companies including Tesla and Mercedes-Benz. Twenty companies received grants ranging from $50 million…
Mercedes Signs $1.5B Deal with Rock Tech Lithium To Boost EV Output
Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the automaker said. The deal allows the automaker to supply its battery partners with raw material, starting…
U.S. Awards $2.8 BN In Grants For Electric Vehicle Batteries In 12 States
The Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite…
Global Lithium & EV Battery Raw Material Supply Chain Congress
North American automotive OEMs now face a significant challenge, frequently cited as the most urgent today. Addressing how lithium and critical battery raw materials supply will meet demand as firms race to ramp up B.E.V. manufacturing. American Business Conferences built…
Automakers’ Bold Plans for Electric Vehicles Spur U.S. Battery Boom
Many automakers with U.S. operations plan to significantly ramp up production of electric vehicles this decade and, in the process, commit huge capital outlays. Meeting these ambitious manufacturing goals will require batteries—lots of them—as an electric vehicle (EV) can use…
