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Tax breaks for US battery plants preserved for now, Ford to proceed with Michigan LFP plant

  • Certain tax breaks for US battery plants have been preserved in the budget bill, providing support for domestic investment and manufacturing jobs.
  • The Section 45X Advanced Manufacturing Production Credits for battery manufacturing have been maintained, ensuring America's commitment to advanced battery manufacturing.
  • Despite potential cuts in federal funding, the Ford LFP battery plant in Michigan, which uses Chinese technology, has gained approval to proceed with construction.
  • Amid concerns about Chinese dominance in battery technology, US lawmakers made concessions in the bill to support American battery projects, allowing Ford's LFP plant to move forward.

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