WASHINGTON (AP) — The Biden administration is awarding over $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production for EVs and other electronics.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.

President Joe Biden and Vice President Kamala Harris hope to slow down climate change and build up domestic manufacturing.

(Bloomberg) — American Battery Technology Co. and lithium-producer Albemarle Corp., are among 25 companies getting more than $3 billion in funding from the Biden administration to boost domestic production of advanced batteries and components. 

The money is part of a larger effort by President Joe Biden and Vice President Kamala Harris to boost production and sales of electric vehicles as a key element of their strategy to slow climate change and build up US manufacturing

The U.S. is offering $3b in awards to companies that will help secure battery supply chain in the country.

Albemarle and Honeywell are among 25 companies set to benefit from federal funding to support America's battery manufacturing capabilities, the Department of Energy announced Friday.

Sept. 20 (UPI) -- The Department of Energy on Friday announced $3 billion in funding to bolster battery manufacturing in the United States.