The push to loosen China’s stranglehold over the global battery supply chain has intensified after Washington agreed to fund a new US graphite factory to be built by an Australian group.
The US energy department has offered Novonix a conditional loan of $755mn to underwrite construction of a facility in Chattanooga, Tennessee, which will be the first large-scale synthetic graphite facility in North America when complete.
Chris Burns, chief executive of Novonix and a former Tesla engineer, said on Tuesday that the deal underscored the need to develop alternative supply chains for electric vehicles, noting that China’s market share for graphite used in car batteries was more than 95 per cent.
您已阅读19%（697字），剩余81%（2930字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。