The U.S. Department of Energy on Monday announced it would provide $2.5 billion as part of a conditional agreement with General Motors and LG Energy Solutions to build several EV battery cell plants.
Solid Power, an EV battery startup backed by Ford and BMW, has started production of an "innovative" solid state battery that should offer longer ranges and shorter charge times.
The Biden administration on Monday announced the creation of a $3.1 billion program to bolster domestic production of electric vehicle batteries in the U.S.