News Snapshot:
Quick Summary: Countries across the world look to grab their share of the electric vehicle supply chain in a rush to go green, energy storage is becoming a key battleground. Around the world, industrial policy focused on EVs and batteries is also getting more aggressive, with the introduction of the US Inflation Reduction Act and China’s extension of its EV subsidies that were due to expire this year. It became a subsidiary in preparation for going public and to “minimize the impact and potential risk which could be resulted from the military industrial business,” CALB’s offering document noted.
