Berlin | Mining and clean-energy billionaire Andrew Forrest is poised to set up a new battery manufacturing hub in the US, as Fortescue Future Industries tries to reap the benefits of President Joe Biden’s $US369 billion ($550 billion) Inflation Reduction Act.
Dr Forrest plans an imminent expansion for UK-based engineering firm WAE, the British Formula 1 car designer he acquired last year, which has already mushroomed into a three-site operation in its home base in Oxfordshire.
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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.
