Incentivizing Domestic Battery Production through Cheap Power Supply
Sunday, 10 March 2024, 19:47
British Government Incentivizes Battery Production
UK government has introduced a new policy to support onshore production of key minerals for battery manufacturing.
A Break from Dependency on China
Subsidized energy costs are aimed at reducing the reliance on China for crucial battery components.
Enhancing National Competitiveness
Affordable electricity rates are set to boost the competitiveness of British battery plants in the global market.
Establishing Sustainable Supply Chain
The initiative seeks to establish a sustainable and resilient battery supply chain domestically, promoting economic growth and technological independence.
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