Thailand Inflation Remains Negative for 10th Straight Month in January 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
The U.S. Department of Energy is allocating $3 billion to 25 projects across 14 states to enhance domestic electric vehicle battery production. This move aims to shift production away from China and create 12,000 jobs, with an overall investment expected to reach $16 billion.
U.S. Invests $3 Billion in Battery Projects to Shift EV Cell Production from China to America
The United States is taking a drastic $3 billion step to prevent Chinese electric vehicle batteries from accessing the market and to encourage companies to invest in domestic cell production.
The U.S. Department of Energy announced that it would allocate $3 billion to 25 battery manufacturing sector projects in 14 U.S. states to relocate cell production from China to the United States.
In the past, only 14 initiatives were granted $1.82 billion; however, this number has been increased.
Jennifer M. Granholm, the Secretary of Energy of the United States, stated:
“We’re in the midst of a manufacturing revival in the United States as the Biden-Harris Administration’s Investing in America agenda continues to breathe new life into communities and local economies across the country. By positioning the U.S. at the forefront of advanced battery manufacturing, we are creating high-paying jobs and strengthening our global economic leadership and domestic energy security, all while supporting the clean energy transition.”
China has dominated the EV battery market, as numerous companies rely on CATL and LG Energy Solutions to supply their cells.
U.S. Battery Initiative to Drive $16 Billion in Investment and Create 12,000 Jobs Nationwide
The United States is implementing various incentives to increase production, including this new initiative. It is expected to generate a total investment of $16 billion and create 12,000 production and construction positions, per Teslarati.
Several initiatives have already been designated as recipients of a portion of the grant.
Albemarle will receive $67 million for a North Carolina project to manufacture commercial quantities of anode material for next-generation lithium-ion batteries. Honeywell will receive just over $126 million to construct a facility in Louisiana to produce the electrolyte sodium required for lithium batteries.
Dow is also expected to receive $100 million to manufacture battery-grade carbonate solvents for electrolytes utilized in lithium-ion batteries. Clarios Circular Solutions, in collaboration with Cosmo Chemical and SK ON, will receive $150 million for an initiative in South Carolina.
The U.S. government is endeavoring to attract and retain more companies for production and manufacturing. These are merely a few of the awards that will be granted
