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Global Trade Alert

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United States of America: Department of Energy announces a USD 2 billion loan to support the production of EV battery components

Description

On 9 February 2023, the US Department of Energy (DOE) announced providing USD 2 billion in loans to Redwood Materials Inc for the construction and expansion of a battery materials campus in Nevada. In...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 Feb 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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