US commits to $7.54B loan for Stellantis venture to build 2 EV battery plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana
US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants
The Department of Energy announced a $7.54 billion loan commitment to a Stellantis and Samsung SDI joint venture to build EV battery plants.
U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant
DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.
Federal government proposes a more than $7.5 billion loan for Kokomo EV battery plants
The joint venture by Stellantis and Samsung SDI is expected to create thousands of jobs. The plants will make battery cells and modules which will then be sold to Stellantis for use in their electric vehicle models sold in North America.
Stellantis-Samsung JV gets $7.5 billion U.S. government loan for EV battery plants in Indiana
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric-vehicle battery plants in Kokomo, Ind.
Samsung SDI-Stellantis venture gets $7.5B from U.S. for EV battery plants
The joint venture between Samsung SDI and Stellantis, StarPlus Energy, secured a conditional commitment to a loan worth $7.54 billion on Monday.
US Department of Energy plans $7.5B loan to Stellantis, Samsung for battery plants
The U.S. Energy Department said Monday it plans to lend up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
US Commits to $7.54 Billion Loan for Stellantis Venture to Build 2 Electric Vehicle Battery Plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana
Stellantis-Samsung JV Gets $7.54 Billion DOE Loan to Build EV Battery Plants -- OPIS
The U.S. Department of Energy on Monday announced a conditional commitment for a loan of up to $7.54 billion to StarPlus Energy to help finance its plan to build two electric vehicle battery plants that would supply almost 700,
Stellantis and Samsung will get $7 billion to build battery factories
U.S. government has made a commitment to lend about $7 billion to a Stellantis joint venture with Samsung SDI to build two electric vehicle battery factories in Indiana.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
GM Authority1h
EV Battery Will Soon Be Cheaper To Replace Than Gas Engine: Report
According to new research by Recurrent, a continuing downward trend in costs and an increase in energy density will lower the ...
GM sells stake in EV battery plant to partner LG Energy Solutions
General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker ...
A Tesla founder started an EV battery recycling company that's on pace to make $200 million a year
Tesla founder JB Straubel says his recycled EV battery company aims to produce enough batteries for 1 million electric ...
GM to Exit Michigan EV Battery Plant
The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments ...
GM to Sell Stake in Michigan EV Battery Plant to LG Energy
General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG ...
Green Car Reports1d
Replacing an EV battery may cost less than fixing a gas engine by 2030
A new report indicates that as battery costs continue to drop replacements will be cheaper than repairing a gas-powered car ...
Waste Dive18h
Tennessee university to receive federal funding for EV battery recycling project
Tennessee Tech University will develop a mobile preprocessing hub for EV batteries as part of a $4.8M DOE grant. It’s part of ...
How Europe’s EV Battery Pioneer Northvolt Came Unstuck
Europe’s ambitions to lead the world in green technologies risk fizzling out in the face of China’s dominance. The outlook is ...