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flag Australia launches $500M initiative to boost battery manufacturing and enter global market.

flag Australia has launched a $500 million initiative to boost its battery manufacturing sector, aiming to become a major player in the global market. flag Managed by the Australian Renewable Energy Agency (ARENA), the Battery Breakthrough Initiative (BBI) will support projects in battery materials, cell production, and pack assembly. flag The funds will be distributed through various mechanisms including capital grants and production incentives, aligning with the government's goals for clean energy and industrial development.

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