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. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC is expected to create at least 2,
Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
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.
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.
Biden Offers $7.5 Billion for Samsung SDI-Stellantis Battery Hub
A joint venture between Samsung SDI Co. Ltd. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.54 billion in financing from the Biden administration.
Biden doles out $7.5B loan to build battery plants
The Energy Department on Monday approved a $7.5 billion conditional loan to boost Stellantis, maker of brands such as Ram, Dodge and Jeep, as it plans to build two electric vehicle battery plants.
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.
General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution
General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, ...
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 ...
The 10 fastest-charging electric cars on sale today
Almost every electric car sold today can charge at a rate of at least 50 kW, while many operate at 100 kW or more, and some ...
Will Electric Vehicle Adoption Thrive Under The New Administration?
The incoming Trump administration’s positions on incentives and tariffs could slow EV adoption in the United States, but ...
Waste Dive5h
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 ...
What tax help is available for electric car buyers?
Getting a company car is seen by the government as a benefit in kind and is taxable. Electric cars are rated at just 2 per ...
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture ...
Daily Maverick on MSN2h
This electric vehicle myth refuses to die, because it’s so hard to pick apart
In a transport utopia, every battery electric vehicle (BEV) gets its electricity from sustainable sources, like wind generators or solar arrays. However, most countries depend on a mix of energy ...