Johnson Controls (JCI) Awarded $299M US Battery Grant
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Johnson Controls, Inc. (NYSE: JCI) has been awarded a $299 million grant by the United States Department of Energy under the American Recovery and Reinvestment Act (ARRA) to build domestic manufacturing capacity for advanced batteries for hybrid and electric vehicles. This award represents approximately half of the company's total planned investment of $600 million in domestic advanced battery manufacturing capacity and infrastructure development.
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