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U.S. funds small battery firms to cut China dependence

The Department of Energy has provided grants to smaller battery technology companies as the U.S. tries to build capacity faster than China, which developed its lead over decades.

Reported · Written up by our desk · Trade & Tariffs

The United States is moving to reduce its reliance on China for batteries, a shift being supported through federal grants aimed at building out domestic battery technology, CNBC Markets reports.

The Department of Energy has awarded grants to smaller battery companies, but the U.S. faces a major scale gap because the groundwork for China’s battery dominance took decades to develop.

The coverage highlights the challenge facing U.S. efforts to catch up within only the next few years, even as grant funding begins supporting new battery technology players.

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