US Government to Allocate $3 Billion Grants to 25 Projects to Boost Domestic EV Battery Manufacturing

MT Newswires Live

Sep 20, 2024

The US government plans to allocate $3 billion to 25 projects across 14 states to boost domestic production of advanced batteries and materials used in electric vehicles, multiple media outlets reported on Friday.

The grants will support projects in states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. The initiatives, which range from battery-grade critical mineral processing to manufacturing and recycling, are expected to generate a total investment of $16 billion and create 12,000 jobs, according to the reports.

Albemarle (ALB) will receive $67 million for anode material production in North Carolina, while Honeywell (HON) is set to receive $126.6 million to build an electrolyte salt production facility in Louisiana. The US Department of Energy will grant Dow (DOW) $100 million for battery-grade carbonate solvent production, and Revex Technologies will be awarded $145 million for nickel production from waste materials in Michigan.

Price: 88.50, Change: -0.83, Percent Change: -0.93

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2468646596"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2468646596\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2468646596?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-20 18:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468646596","market":"fut","top_or_hot":-1,"title":"US Government to Allocate $3 Billion Grants to 25 Projects to Boost Domestic EV Battery Manufacturing","media":"MT Newswires Live","content":"<html><body><p> The US government plans to allocate $3 billion to 25 projects across 14 states to boost domestic production of advanced batteries and materials used in electric vehicles, multiple media outlets reported on Friday.</p><p>The grants will support projects in states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. The initiatives, which range from battery-grade critical mineral processing to manufacturing and recycling, are expected to generate a total investment of $16 billion and create 12,000 jobs, according to the reports.</p><p>Albemarle (ALB) will receive $67 million for anode material production in North Carolina, while Honeywell (HON) is set to receive $126.6 million to build an electrolyte salt production facility in Louisiana. The US Department of Energy will grant Dow (DOW) $100 million for battery-grade carbonate solvent production, and Revex Technologies will be awarded $145 million for nickel production from waste materials in Michigan.</p><p>Price: 88.50, Change: -0.83, Percent Change: -0.93</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Government to Allocate $3 Billion Grants to 25 Projects to Boost Domestic EV Battery Manufacturing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Government to Allocate $3 Billion Grants to 25 Projects to Boost Domestic EV Battery Manufacturing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-09-20 18:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The US government plans to allocate $3 billion to 25 projects across 14 states to boost domestic production of advanced batteries and materials used in electric vehicles, multiple media outlets reported on Friday.</p><p>The grants will support projects in states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. The initiatives, which range from battery-grade critical mineral processing to manufacturing and recycling, are expected to generate a total investment of $16 billion and create 12,000 jobs, according to the reports.</p><p>Albemarle (ALB) will receive $67 million for anode material production in North Carolina, while Honeywell (HON) is set to receive $126.6 million to build an electrolyte salt production facility in Louisiana. The US Department of Energy will grant Dow (DOW) $100 million for battery-grade carbonate solvent production, and Revex Technologies will be awarded $145 million for nickel production from waste materials in Michigan.</p><p>Price: 88.50, Change: -0.83, Percent Change: -0.93</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2106854487.HKD","symbol_name":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468646596","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468646596","pubTimestamp":1726829649,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"The US government plans to allocate $3 billion to 25 projects across 14 states to boost domestic production of advanced batteries and materials used in electric vehicles, multiple media outlets reported on Friday.The grants will support projects in states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. The initiatives, which range from battery-grade critical mineral processing to manufacturing and recycling, are expected to generate a total investment of $16 billion and create 12,000 jobs, according to the reports.Albemarle  will receive $67 million for anode material production in North Carolina, while Honeywell  is set to receive $126.6 million to build an electrolyte salt production facility in Louisiana. The US Department of Energy will grant Dow  $100 million for battery-grade carbonate solvent production, and Revex Technologies will be awarded $145 million for nickel production from waste materials in Michigan.Price: 88.50, Change: -0.83, Percent Cha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4534":"瑞士信贷持仓","LU0823414478.USD":"法巴经典能源转换基金","BK4545":"锂电池","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK7095":"多种金属与采矿","DOW.AU":"DOWNER EDI LTD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4206":"工业集团企业","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","DOW":"陶氏化学","BK4109":"特种化学制品","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","ALB":"美国雅保","BK4588":"碎股","BK4550":"红杉资本持仓","ALB.AU":"Albion Resources Limited","BK4548":"巴美列捷福持仓","HON":"霍尼韦尔","BK4585":"ETF&股票定投概念","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK7064":"综合支持服务","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4090":"商品化工","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1803068623.USD":"TEMPLETON GLOBAL CLIMATE CHANGE \"AH1\" (USDHDG) ACC"},"translate_title":"美国政府将向25个项目拨款30亿美元，以促进国内电动汽车电池制造","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOW":0.9,"ALB":0.9,"ALB.AU":1,"DOW.AU":1,"HON":0.9},"content_text":"The US government plans to allocate $3 billion to 25 projects across 14 states to boost domestic production of advanced batteries and materials used in electric vehicles, multiple media outlets reported on Friday.The grants will support projects in states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. The initiatives, which range from battery-grade critical mineral processing to manufacturing and recycling, are expected to generate a total investment of $16 billion and create 12,000 jobs, according to the reports.Albemarle (ALB) will receive $67 million for anode material production in North Carolina, while Honeywell (HON) is set to receive $126.6 million to build an electrolyte salt production facility in Louisiana. The US Department of Energy will grant Dow (DOW) $100 million for battery-grade carbonate solvent production, and Revex Technologies will be awarded $145 million for nickel production from waste materials in Michigan.Price: 88.50, Change: -0.83, Percent Change: -0.93","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}