On Friday, the Donald Trump administration pledged more than $2 billion to battery and critical-minerals companies, expanding a government lending spree aimed at reducing U.S. reliance on Chinese suppliers.
Pentagon Leads Funding Push The Defense Department will lend California-based battery maker Sila Nanotechnologies $1.4 billion, President Trump announced at a State Department roundtable.
Sila, founded in 2011 by a former Tesla Inc.
(NASDAQ:TSLA) engineer, Gene Berdichevsky, has raised over $1 billion from investors including T.
Rowe Price.
