Tritium Company will produce chargers for electric vehicles.

U.S. President Joe Biden announced that the Australian company Tritium, which produces chargers for electric vehicles, will build a plant in Tennessee.

The plant will produce up to 30 thousand chargers per year and create 500 jobs. It is planned that production will begin in the third quarter of 2022.

Biden stressed that “American parts, American iron, and American steel” will be used at the plant and trade union members will work. He also recalled that 600 thousand cars owned by the U.S. federal government will become electric in the near future.

Jane Hunter, the head of Tritium, who spoke with Biden at the White House, said that the actions of the Biden administration contributed to an increase in demand for the company’s products and forced a rethink of the global strategy.

Earlier, Joe Biden said that the White House will provide 5 billion to the U.S. states to finance the creation of networks of chargers for electric vehicles.

Biden has made the renewal of American industry a key aspect of his economic program. In recent weeks, large-scale investments in industrial production in the United States have been reported by companies such as Intel, General Motors and Boeing.