Trump Proceeding With Biden’s $1.3 Billion Battery Parts Loan

The Trump administration is moving forward with a loan of up to $1.3 billion to a lithium-ion battery parts manufacturer following a review of Biden-era spending programs.

The Energy Department said Wednesday it will provide an initial installment of $77 million to Entek Lithium Separators LLC to fund a new manufacturing facility west of Indianapolis. The plant will produce lithium-ion battery separators that can be used in electric vehicles and other industries.