The money will help finance three plants the automaker and its partner, SK On, are building in Kentucky and Tennessee.
Giving people an economic stake in green energy may be the nation’s best chance to build a consensus to confront global warming.
The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.
The facility is the second battery project under development in the state by Hyundai Motor Group and may bring 3,000 jobs.
A medida que el mundo cambia a fuentes de energía más limpias, el control sobre los materiales necesarios para impulsar esa transición sigue en disputa.
Half of the world’s supply of the critical battery ingredient is mined in Australia, which ships virtually all of it to China. The government and business are betting they can change that.
The United States is entering an array of agreements to secure the critical minerals necessary for the energy transition, but it’s not clear which of the arrangements can succeed.
Stellantis said post-Brexit export rules and the lack of a domestic battery manufacturer could force it to close its plants in Britain.
From mines to refineries and factories, China began investing decades ago. Today, most of your electric car batteries are made in China and that’s unlikely to change soon.
A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.