The $3 Billion financial grants will fund 25 projects in 14 states, including election battleground states such as Michigan and North Carolina.

American Battery Technology Co. and lithium-producer Albemarle Corp., are among 25 companies getting more than $3 billion in funding from the Biden administration to boost domestic production of advanced batteries and components.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.

The Biden administration seeks to increase domestic production of EV batteries with a $3 billion award to U.S. companies.

The funds are among $3 billion being distributed nationally as the Biden administration seeks to dethrone China as the world's top battery maker.