One in Four Recipients of a U.S. Battery Grant Has Given Them Up

When Piedmont Lithium withdrew its application for a Department of Energy loan to build an $800 million lithium refinery, it joined a growing list of U.S. battery and mining companies that, roiled by slow electric vehicle sales, are walking away from government aid intended to spur a domestic battery supply chain. In some cases, companies have spurned subsidies they were already awarded.