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$1.2 billion for EV battery parts.
The US Department of Energy’s Advanced Technology Vehicles Manufacturing (AVTM) program, which famously helped put Tesla on the map and also is funding Ford’s massive EV investment, will hand out $1.2 billion for a new factory in Terre Haute, Indiana to manufacture lithium-ion battery separators to be used in EVs. Its another sign that the Biden administration is racing to strengthen the domestic EV supply chain before the November election.
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