DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.

The Biden administration will deliver long-awaited guidelines for the domestic content provisions of the Inflation Reduction Act’s electric vehicle tax credits.

LG Energy Solution said it would build a $5.5 billion factory in Arizona with an annual capacity of 43 GWh of vehicle and stationary batteries.