PLL News: Biden Administration’s Battery Bets Boost Startup Stocks - 19th Oct 2022, 5:16pm

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Shares of battery materials startups like Microvast and Piedmont Lithium are rising Wednesday after the Biden administration said it is [putting $2.8 billion](https://www.energy.gov/mesc/bipartisan-infrastructure-law-battery-materials-processing-and-battery-manufacturing-recycling) into 21 projects to kickstart U.S. manufacturing of vital components that power electric cars. Microvast is up about 30%, while Piedmont is up about 9% in midday trading. Nearly all of the projects backed by the Biden...

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