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Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.
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Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
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The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
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GM reported it had agreed to a multiyear deal for cobalt from Glencore’s Murrin Murrin mine in Australia.
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Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.
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