Amazon Cuts More Jobs as AI Investment Expands 
TSMC Profit Set to Surge 65% as AI Chip Demand Drives Record Earnings 
South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown 
Tencent Shares Fall as $5 Billion AI Bond Sale Weighed 
Airbus Tests Valkyrie Combat Drone in Europe for Eurofighter Integration 
Canton Network Expands in South Korea With Major Partnerships 
Apple Supplier Luxshare Faces US Patent Probe, Sees Limited Impact 
Albertsons Seeks $9.3 Billion From Kroger Over Failed Merger 
Apple Supplier Luxshare Sees Limited Impact From US Patent Probe 
Anthropic Launches Claude Dashboards and Motion AI Tools 
Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology 
Meta Launches Muse Wonder AI Models, Shares Rise 3.7% 
US Suspends Microsoft, Adobe From Green Card Program 
Russia Approves Sberbank for Crypto Exchange Services 
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows 
Jameson Lopp Downplays AI Threat to Bitcoin Cryptography 
Yandex Data Center Hit by Drone Strike as Russia-Ukraine Cyber Infrastructure Attacks Escalate 
Add as a preferred source on Google
NanoGraf, a Chicago-based company, has received $60 million from the U.S. Department of Energy to build a $175 million factory in Flint, Michigan. The facility will produce silicon anode material for EV batteries, supporting the production of up to 1.5 million electric vehicles annually.
NanoGraf's $175M Factory to Boost U.S. EV Production with $60M DOE Grant for Battery Materials
NanoGraf, a Chicago-based company, is preparing to construct a $175 million factory that will generate 2,500 tons of silicon anode material annually. This production will help to support the production of up to 1.5 million electric vehicles (EVs) annually. The Bipartisan Infrastructure Law provides the U.S. Department of Energy (DOE) with a $60 million grant to support the initiative.
The DOE has announced over $3 billion in grants, and NanoGraf's initiative is one of 25 programs selected from 14 states to receive a portion of this fund. These grants are a component of a more comprehensive initiative to enhance the domestic production of advanced batteries and battery materials in the United States.
The company intends to retrofit an existing factory in Flint, Michigan, utilizing the grant and its capital. Upon its completion, the facility will be one of the world's largest silicon anode production plants, which will substantially advance efforts to onshore the battery supply chain. NanoGraf's cutting-edge silicon anode technology is engineered to produce lithium-ion batteries that are more durable, lighter, and have a longer lifespan.
NanoGraf Expands with Flint Factory, Creating 350 Jobs and Boosting U.S. Battery Production Capacity
With the addition of the Flint factory, NanoGraf's total manufacturing footprint will increase to more than 414,000 square feet, making it the company's third battery material facility. According to Electrek, the company currently manufactures silicon anode material for the U.S. military at two Chicago-based facilities: its headquarters at 400 N Noble Street and a new research and development facility at 455 N Ashland Avenue.
Under a project labor agreement with the North American Building Trades Union, the project is anticipated to generate approximately 200 construction employees. Furthermore, factory operations are expected to create up to 150 permanent positions, with approximately 80% occupied by local community members.
NanoGraf has also entered into a neutrality agreement with the United Steelworkers and has pledged to collaborate with the union if most employees elect to unionize.
