Chairman John Moolenaar (R-MI) has commented on the Department of Defense's recent decision to award a $12.9 million grant to Nano One Materials Corp., a Canadian battery technology company. The grant aims to boost the production of lithium iron phosphate (LFP) cathodes, which are essential for the future of auto manufacturing.
"I commend the Department of Defense’s announced $12.9 million award to increase production of lithium iron phosphate (LFP) cathodes that are crucial for the future of auto manufacturing," said Moolenaar. "As I’ve spoken with members of the industry, I have heard time and time again they believe there is no alternative to partnering with PRC companies to produce LFP batteries. Today’s announcement proves these capabilities exist in North America. I hope automotive manufacturers will consider investing in our domestic industrial base and help amplify the investments of the Defense Department."
The grant is seen as a strategic move to strengthen North America's position in the battery technology sector, reducing reliance on partnerships with companies from the People's Republic of China (PRC).
