Federal battery funding faces steep competition from China's supply chain dominance

The short version

• The Department of Energy distributed $500 million in August to seven companies focused on battery materials, production, and recycling.[CNBC]
• Nearly $24 billion in announced battery projects have been canceled since January 2025, according to Atlas Public Policy.[CNBC]
• Industry analysts and executives warn that current federal support is far below the massive investment required to counter China's dominant supply chain.[CNBC]

Key facts

• The Department of Energy awarded $500 million in August to seven firms focused on battery minerals, manufacturing, materials, or recycling.[CNBC]
• Atlas Public Policy reported that nearly $24 billion in announced battery ventures have been canceled since January 2025.[CNBC]
• The International Energy Agency reported that China manufactures around 85% of global cathode active material and over 90% of anode active material for electric vehicle batteries.[CNBC]
• China enacted stringent export controls on rare earth elements, processing gear, and several minerals during 2025.[CNBC]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• The U.S. is trying to reduce its reliance on China for batteries. Here's what it's up againstCNBC