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Biden’s Chinese Battery Tariff Hike Could See US Manufacturers Like Dragonfly Energy Gain Ground

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–News Direct–

By Faith Ashmore, Benzinga

While China currently dominates the global market for lithium-ion batteries, accounting for 80-90% of manufacturing, the U.S. is trying to break its dependence on Chinese batteries. In a significant move that will impact the industry, the Biden Administration has announced plans to triple the tariffs on batteries and battery parts imported from China into the United States. Currently set at 7.5%, these tariffs will be raised to 25% in the coming years.

This tariff increase follows the highly publicized Inflation Reduction Act, which was announced in August 2022 and allocated substantial funds to wind, solar and storage tax credits. The goal of this policy was to drive the construction of approximately 30GW/111GWh of energy storage capacity between 2022 and 2030. The implementation of these tax credits is expected to support the long-term growth of the energy storage industry.

According to a fact sheet released by the White House, the tariff rate for lithium-ion batteries used in electric vehicles (EVs) will increase to 25% in 2024. Similarly, the tariff rate for non-EV lithium-ion batteries will also rise to 25% in 2026. In addition to batteries, the tariff rate for battery parts will also be increased to 25% in 2024. Tariffs for natural graphite and permanent magnets, which are essential components in battery production, will also be raised from zero to 25% in 2026. Certain critical minerals used in the manufacturing process will face a tariff increase from zero to 25% in 2024. With this announcement, U.S.-made batteries could become more relevant than ever.

The Future Of Batteries Is Made In America: Dragonfly Energy Leads the Charge

Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) is an established American lithium battery and technology company renowned for its deep-cycle lithium-ion batteries. The company uniquely designs and assembles its batteries in Nevada, distinguishing itself from competitors who predominantly rely on completely imported products. Through strategic research and development efforts, Dragonfly Energy is expanding its expertise beyond battery pack assembly and into full battery cell production in North America. This dedication to domestic production positions them to capitalize on the burgeoning U.S. lithium market.

Dragonfly's strength lies in its innovative, proprietary dry electrode manufacturing process. Independent evaluations, like the one by Sphere Energy, confirm its effectiveness. This cutting-edge approach ensures scalability and cost-efficiency and demonstrates a higher degree of sustainability compared to existing technologies. Specific advantages include the elimination of toxic NMP solvents, reduced factory space requirements, lower energy consumption during production, decreased carbon footprint and cost savings in manufacturing processes. These domestic production costs translate to significant savings compared to traditional overseas products, even before factoring in IRA tax credits and looming tariff hikes. The company's adaptable manufacturing process allows it to cater to diverse markets by offering cost-effective battery solutions for electric vehicles, consumer electronics and energy storage systems, solidifying its position as an industry leader in battery technology. Additionally, Dragonfly Energy licenses this technology, potentially accelerating the adoption of American-made batteries across various sectors.

With President Biden's restrictions on Chinese imports for non-EV batteries not coming into place until 2026, Dragonfly Energy has a significant window to scale cell manufacturing operations, eventually leading to an exclusively American-made product. This aligns with the national agenda of promoting domestic manufacturing and reducing reliance on China, making Dragonfly Energy a pivotal player in the U.S. quest for lithium battery independence.

Featured photo by Joshua Hoehne on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/bidens-chinese-battery-tariff-hike-could-see-us-manufacturers-like-dragonfly-energy-gain-ground-423080101

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ExpressPara.ma: Morocco’s Leading Parapharmacie en Ligne Expands with Top Beauty Brands

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ExpressPara.ma, Morocco’s top parapharmacie en-ligne, has expanded its online platform to offer a wider range of globally recognized healthcare and skincare brands, including CeraVe, La Roche-Posay, Perfectil, and Eucerin. The platform provides Moroccan customers with easy access to pharmaceutical-grade products and expert advice through a seamless shopping experience. With fast delivery, secure payment options, and personalized support, ExpressPara.ma is committed to bringing the best in beauty and healthcare to homes across Morocco. Visit www.expresspara.ma to explore their full product range.

Morocco, 23rd Oct 2024 – ExpressPara, a leading online parapharmacy in Morocco, proudly announces the launch of its expanded platform, offering a comprehensive selection of high-quality healthcare, skincare, and wellness products. The newly enhanced range includes essential items such as sunscreens, cleansers, moisturizers, and more, featuring trusted global brands like CeraVe, La Roche-Posay, and Eucerin. With a strong focus on accessibility, personalized customer care, and cutting-edge products, ExpressPara.ma is poised to become the go-to destination for Moroccan consumers seeking reliable brands and expert advice—all from the comfort of their homes.

A One-Stop Shop for Health and Wellness

ExpressPara.ma provides Moroccan customers with access to a curated selection of pharmaceutical-grade skincare products, dietary supplements, personal care items, and more. With over 8,000 products available online, the platform features internationally renowned brands such as La Roche-Posay, Eucerin, Bioderma, and CeraVe, ensuring that customers can find the best solutions for their health and well-being.

“We are excited to bring ExpressPara.ma to life and offer Moroccan customers a parapharmacy experience that is both comprehensive and convenient,” said Mr Anwar Khalil, CEO of ExpressPara.ma. “Our goal is to help customers make informed choices about their healthcare needs, with the assurance that they are purchasing authentic, high-quality products.”

A Commitment to Customer Service and Convenience

ExpressPara.ma is not just about offering products; it is about delivering an excellent customer experience. With fast delivery, easy-to-navigate categories, and expert advice available through its website, the company aims to provide the highest level of service for online shoppers.

Customers can easily find products tailored to their needs, thanks to detailed product descriptions, user-friendly filters, and a powerful search bar integrated into the website. ExpressPara.ma also offers free consultations with certified pharmacists, allowing users to make well-informed decisions regarding their purchases.

Innovative Technology and Seamless Shopping Experience

ExpressPara.ma stands out by integrating cutting-edge technology into its platform. With auto-sync features, high SEO ranking, and direct integration with its ERP system, the platform ensures that customers always have access to the latest products and real-time stock availability. Additionally, ExpressPara.ma uses a smooth checkout process and secure payment options to enhance the overall shopping experience.

Expanding Access to Trusted Brands in Morocco

As part of its mission to become the leading online parapharmacy in Morocco, ExpressPara.ma is continuously expanding its partnerships with top skincare and healthcare brands. The company is also working to establish a collaboration with CeraVe , one of the most trusted skincare brands globally, allowing customers to easily purchase CeraVe products through its website.

About ExpressPara.ma

ExpressPara.ma is a Moroccan-based online parapharmacy that provides customers with access to a wide range of skincare, health, and wellness products. With a commitment to offering top-tier service, ExpressPara.ma combines innovation with customer care to create a seamless online shopping experience. The platform is dedicated to delivering authentic products, expert advice, and fast delivery across Morocco.

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Website: https://expresspara.ma

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The post ExpressPara.ma: Morocco’s Leading Parapharmacie en Ligne Expands with Top Beauty Brands appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Beavod Announces Innovative Airdrop Mechanism on Telegram

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Beavod, a blockchain gaming platform, has launched a new airdrop mechanism on Telegram that encourages users to collect WOOD tokens by completing weekly tasks. The WOOD tokens accumulated will influence the VOD token rewards distributed the following week, promoting ongoing participation and engagement. The platform continues to expand its game offerings and integrate new features like NFTs to enhance the user experience. Beavod also has plans for global expansion and listing its VOD token on major exchanges to increase its liquidity and market value.

Wood to Wealth
Expanding Opportunities in Blockchain Gaming

Beavod, a blockchain gaming platform, has announced the launch of a new airdrop mechanism aimed at enhancing user engagement through simple weekly activities. This new initiative will be rolled out on Telegram, where participants can collect WOOD tokens by completing specific tasks. WOOD, the platform’s core resource, will play a key role in determining the distribution of VOD tokens, offering rewards based on user participation.

New Developments and Airdrop Introduction

Beavod’s latest feature emphasizes its commitment to fostering a dynamic, decentralized gaming environment. The platform’s new airdrop system allows participants to collect WOOD tokens by engaging with the platform’s weekly activities. This initiative aligns with Beavod’s broader goal of making blockchain technology more accessible to a wider audience while ensuring that active users are rewarded for their contributions.

This WOOD-to-VOD reward structure reflects Beavod’s mission to build a sustainable and transparent ecosystem for its growing community. The more WOOD tokens a player collects within a given week, the more VOD tokens they will receive the following week, highlighting the platform’s focus on activity-driven rewards.

Key Features of the Airdrop Mechanism

  • Weekly Participation: The airdrop mechanism encourages users to take part in weekly tasks, including watching ads or completing in-game objectives, to collect WOOD tokens.
  • WOOD-to-VOD System: The amount of WOOD tokens collected each week will directly influence the quantity of VOD tokens distributed in the subsequent week, creating a structured and predictable reward process.
  • Fair and Transparent Distribution: Utilizing decentralized blockchain technology, the airdrop ensures that all rewards are distributed in a fully traceable and fair manner.

Platform Growth and Future Plans

Beavod continues to expand its game library with the introduction of 2-3 new titles each month, offering users a diverse range of gaming experiences. Future updates include the integration of NFT functionality, allowing players to acquire and trade unique in-game assets, further enriching Beavod’s ecosystem.

The WOOD token, which serves as the platform’s core resource, is designed to encourage regular engagement, while the VOD token distribution will provide users with additional opportunities within the Beavod ecosystem. These developments reflect Beavod’s dedication to continually improving the platform and offering users new opportunities to engage with blockchain technology.

Global Expansion and Long-Term Vision

Beavod’s long-term strategy includes expanding its reach across international markets through community engagement programs and enhanced language support. Over the next two years, Beavod plans to list the VOD token on major exchanges, which will increase its liquidity and value, helping to position Beavod as a leader in the blockchain gaming space.

About Beavod

Beavod is a blockchain-based gaming platform focused on creating a decentralized and sustainable ecosystem. The platform integrates blockchain technology with an ever-growing library of games to offer users a seamless and engaging experience.

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The post Beavod Announces Innovative Airdrop Mechanism on Telegram appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Eagle Likes Launches Cutting-Edge Social Media Growth Services to Boost Online Visibility for Content Creators and Businesses

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United States, 23rd Oct 2024 – In today’s fast-paced digital world, a robust social media presence is crucial for businesses, influencers, and content creators aiming to make a significant impact. Eagle Likes, a premier social media engagement service provider, is proud to offer a suite of comprehensive solutions to boost visibility, credibility, and audience interaction across leading social platforms. With a focus on organic growth, Eagle Likes provides services tailored to the needs of individuals and businesses alike.

Comprehensive Social Media Solutions

Eagle Likes understands the power of numbers in the social media ecosystem. Whether you’re aiming to increase your follower count, amplify post engagement, or expand your reach, Eagle Likes offers customized solutions that cater to various platforms. By leveraging our services, clients can enhance their social proof and credibility, enabling them to connect with a broader, more engaged audience.

Our services span across multiple social platforms, including:

  • YouTube: Boost your channel’s performance with our services for YouTube subscribers, YouTube views, YouTube likes, and YouTube watch time.
  • Instagram: Increase your Instagram followers, Instagram likes, and Instagram views to ensure your content gets the attention it deserves.
  • TikTok: Maximize your TikTok presence with TikTok followers, TikTok likes, TikTok views, and even TikTok shares, ensuring your videos go viral.
  • Facebook: From Facebook page likes to post interactions and video views, our Facebook services help grow your community and drive engagement.
  • Twitter: Elevate your Twitter game with services for Twitter followers, Twitter retweets, Twitter likes, Twitter views, and Twitter impressions.

Eagle Likes prides itself on offering real, high-quality social media engagement that fosters long-term growth and genuine connections with your audience.

Visit EagleLikes today to explore our full range of services.

Why Choose Eagle Likes?

  1. High-Quality Engagement: Eagle Likes guarantees that all interactions—whether likes, followers, or views—come from real users, ensuring authenticity and credibility.
  2. Platform Diversity: With services tailored for YouTube, Instagram, TikTok, Facebook, and Twitter, we cater to the unique requirements of different social platforms.
  3. Results-Driven Approach: Whether you’re a content creator looking to grow your following or a business aiming to increase brand visibility, our services are designed to deliver measurable, impactful results.
  4. Quick Delivery: Eagle Likes ensures that results are delivered in a timely manner without compromising on quality.
  5. Safe & Secure: We take your privacy and security seriously, offering services that comply with the guidelines of each social media platform.

How It Works

Getting started with Eagle Likes is simple. Visit https://www.eaglelikes.com and choose the social media platform you want to grow. Select the desired service, whether it’s YouTube watch time, Instagram followers, TikTok shares, or any of our other offerings. Our team will start delivering the engagement you need promptly, allowing you to focus on creating great content while we handle the growth.

About Eagle Likes

Eagle Likes is a UK-based social media engagement company, committed to providing tailored growth solutions for content creators, influencers, and businesses across the globe. Our mission is to help our clients enhance their digital presence with services that drive genuine audience engagement, boost visibility, and increase credibility.

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The post Eagle Likes Launches Cutting-Edge Social Media Growth Services to Boost Online Visibility for Content Creators and Businesses appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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