Sparkz Applauds Biden-Harris Administration’s Strong Stance on Trade with China

The referenced article was published by the Wall Street Journal on May 14, 2024.

 

Biden increases tariffs on battery manufacturing outside of the US, one company is set up to fill the void.

 

LIVERMORE, CA — In response to the recent announcement by the Biden-Harris Administration to levy sweeping tariffs on Chinese imports, Sparkz, a leading next-generation lithium battery component company re-engineering the supply chain, expresses its full support for these measures aimed at protecting American industry.

 

The Biden-Harris Administration’s decision to raise tariffs on Chinese electric vehicles and other key products demonstrates a commitment to addressing the longstanding challenges posed by unfair trade practices. Sparkz recognizes the importance of leveling the playing field for domestic producers and workers in the face of increasing competition from abroad.

 

“We commend President Biden for taking bold steps to safeguard our industries and promote economic prosperity at home,” said Dr. Sanjiv Malhotra, CEO at Sparkz. “These tariffs are a necessary measure to ensure that American companies can compete on fair terms in the global marketplace.”

 

By imposing tariffs on a range of Chinese imports, including electric vehicle components, larger energy storage batteries, steel, aluminum, and solar panels, the Biden-Harris Administration is sending a clear message that it will hold China accountable for its trade practices. Sparkz believes that such actions are crucial for protecting American jobs and fostering innovation in key industries.

 

“Sparkz stands in solidarity with the Biden-Harris Administration in its efforts to address the challenges posed by China’s trade policies,” added Dr. Malhotra “We urge continued vigilance and proactive measures to safeguard American interests and ensure a level playing field for businesses of all sizes.”

 

As the Biden-Harris Administration works to implement these tariffs, Sparkz remains committed to advocating for fair and transparent trade policies that benefit American workers and businesses. Together, we can build a balanced and more resilient economy for future generations.

 

 

For media inquiries, please contact Abby Rodriguez at [email protected].

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Founder & CEO

Dr. Sanjiv Malhotra

Dr. Sanjiv Malhotra is the founder and CEO of Sparkz—the battery start-up reinventing the energy supply chain.

 

Malhotra has been a leader in the energy sector for nearly three decades as a founder, investor and executive. Most recently, he served as the inaugural director for the Energy Investor Center at the U.S Department of Energy (DOE), serving under both Democratic and Republican administrations.

 

At DOE, Malhotra led the Obama Administration’s initiative to boost public-private partnerships to accelerate the commercialization of technologies developed in national research centers like Oak Ridge National Labs.

 

Malhotra was recruited to the Department of Energy after a successful exit of Oorja Protonics—the world leader in methanol fuel cells—which he founded and led as CEO for 10 years. Oorja raised $50 Million in equity financing from leading VCs such as Sequoia, DAG Ventures, Artis Capital and others during his tenure. He boosted Oorja’s revenue and profitability growth, while expanding operations globally in Japan, China, South Africa, Mexico, and India.

 

Oorja was acquired in 2014 by the Private Equity firm MinXing Growth Fund.

 

As an investor and consultant, Malhotra has worked at leading venture capital firms, including Kleiner Perkins Caufield and Byers as an advisor on clean energy and advanced materials.

 

Earlier in his career, Malhotra led the engineering and product development team at H Power, a pioneer in hydrogen fuel cells. As part of the management team, he managed the successful IPO, which raised more than $100 million in August 2000.

 

He began his career as a post-doctoral fellow at the renowned Lawrence Berkeley National Labs on electrochemical storage systems. Dr. Malhotra has authored seven patents and more than 40 publications in various fields of energy storage technology and materials. He holds a PhD in chemical engineering and an M.B.A from University of Iowa.