President Biden Proposes $7.5 Billion Investment in Samsung SDI and Stellantis Battery Hub

In a significant move aimed at bolstering the United States' electric vehicle (EV) industry, President Joe Biden has announced a proposed investment of $7.5 billion to support a new battery hub developed in partnership with Samsung SDI and Stellantis. This initiative is part of the Biden administration's broader commitment to advancing clean energy solutions and reducing reliance on fossil fuels.

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