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Oct 25, 2022

The U.S. government plans to provide more than $ 7 billion in funding for battery supply chain research and development, production and recycling

The U.S. government has recently announced that it will provide a total of US $ 2.8 billion to support and develop domestic production of battery industry chain required by electric vehicles (EV) and energy storage systems.


6K companies have received $ 50 million in funding and will increase their own funds of $ 107 million to study the use of microwave plasma patent technology to produce lithium iron phosphate battery technology


The first batch of funding announced recently will be issued to 20 manufacturing and processing companies in 12 states in the United States, which are selected from more than 200 applicants.


One of the key parts is to invest more than $ 7 billion to the battery supply chain to improve the processing, manufacturing and recycling capabilities of key minerals such as lithium, nickel and graphite.


These funds will flow to many companies in the upstream battery industry. It combines the large -scale production of the existing mature technology in the United States (such as the cathode and graphite anode of lithium iron phosphate), as well as more innovative technologies (such as silicon anode and advanced battery production technology) in the early stages of commercialization (such as silicon anode and advanced battery production technology) Provide R & D funds.


In addition, some raw material production projects will be supported. Lithium extraction is an area where the global battery industry is urgently paid attention to.


Enterprises that receive $ 50 million to more than $ 300 million will offset or share the project costs in some cases.


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