The Pentagon provides $250 million in loans to battery startup 6K to build a factory in the United States
TechCrunch
1h ago
Ai Focus
6K announces it has received a conditional loan of $250 million from the U.S. Department of Defense and will build a factory in Tennessee to produce battery materials that do not rely on Chinese suppliers. The company previously received a grant of $50 million from the Department of Energy, but that grant was later canceled, forcing it to reapply.
Helpful
No.Help

Batteries are everywhere, even on the battlefield, which also explains why the Pentagon has recently become interested in expanding its domestic manufacturing capabilities.

A startup company based in North Andover, Massachusetts, which was founded 12 years ago, announced on Thursday that it has received a conditional loan of $250 million from the U.S. Department of Defense. The company will use this funds to build a factory in Tennessee. This factory will employ a unique microwave-driven process to produce battery materials that do not rely on Chinese suppliers.

The company previously received a grant of $50 million from the Department of Energy under the Bipartisan Infrastructure Act, but this grant for 2023 was later cancelled during the Trump administration's chaotic cleanup of awards from the Biden era, forcing 6K to reapply.

Initially, this factory was scheduled to start production in 2024, but the cancellation of funding and the uncertainties in the electric vehicle market forced the company to adjust its plans.

The manufacturing process for 6K uses microwaves to heat metal into plasma, which is then deposited onto a surface, thereby reducing the number of steps required to produce the cathode material. The cathode material is a key component of a battery. The company stated that this process can be applied to various types of batteries, including lithium iron phosphate ( LFP ).

Tip
$0
Like
0
Save
0
Views 28
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
UPay will be integrated with DART of WIDTH, adding on-chain risk screening capabilities
UPay Announces Cooperation with Compliance and Risk Technology Provider WIDTH to Introduce DART for On-Chain Risk Screening. According to the agreement announced on November 6th, UPay will use DART to screen wallet addresses and transactions, and provide auditors with more detailed information explaining what factors trigger the risk markers.
Coinpedia
·2026-11-07 02:09:28
3
Tech stocks experience the largest sell-off since the pandemic
Tech stocks suffered heavy selling on Thursday, with the Nasdaq index falling more than 5% during the session, resulting in a market value evaporating by over $3 trillion. Large tech stocks such as Meta, Microsoft, and NVIDIA declined, and analysts said that the growth rate of capital expenditure in the tech industry may peak earlier than expected.
Fortune
·2026-11-07 01:59:36
13
OpenAI Chief Financial Officer: The company will continue to invest in the AI data center
OpenAI Chief Financial Officer Sara Freer stated that despite voters in many parts of the United States supporting candidates or proposals to limit data center construction during the mid-term elections, the company will continue to invest in artificial intelligence infrastructure and meet customer needs by collaborating with hyperscale cloud providers and through ongoing financing.
The Block
·2026-11-07 01:59:34
11
Indian investigation into CoinDCX and Delta Exchange alleges involvement in tens of billions of rupees in offshore crypto transactions
Indian law enforcement authorities stated that they have raided premises in Bangalore related to CoinDCX and Delta Exchange. The two platforms are suspected of engaging in unauthorized trading of crypto derivatives, RWA tokens, and tokenized stocks of foreign companies, involving a volume of hundreds of billions of rupees. The investigation is still ongoing, and the allegations have not been confirmed yet.
Coinpedia
·2026-11-07 01:48:59
22
A $2.5 billion repurchase authorization does not mean that the company will definitely spend $2.5 billion.
Lam Research has just announced a $25 billion stock repurchase plan, but the board of directors' approval does not mean that the company will actually spend all of this money. The original text states that the repurchase authorization has no expiration date, can be paused at any time, and there is no requirement for the company to buy back any shares; moreover, the repurchase may also increase earnings per share without changing profits.
Coinpaper
·2026-11-07 01:38:52
22
View More