First look: Auto giants are joining with battery companies, EV startups and lithium producers in a new coalition seeking stronger federal support for building a large U.S. battery supply chain, Ben writes.
Driving the news: The Coalition for American Battery Independence (CABI) launches today.Members include General Motors, Ford, Panasonic, Tesla, Form Energy, Albemarle, Proterra and the Zero Emission Transportation Association.
The group, run via the lobbying firm Boundary Stone Partners, targets batteries for electric vehicles and storage.
The goal: cohesive support for everything from raw materials processing and refining to component manufacturing to making battery packs.
Why it matters: Battery demand is slated to surge in coming years and decades.
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