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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.
Stellantis will get $7.54 billion 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 and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.
2h
Thailand to extend production timeframe for battery EVs, investment board says
Thailand will extend a production timeframe for battery electric vehicles (BEV) and offer incentives for hybrid EVs, its ...
14h
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 ...
8h
on MSN
Officials warn about fire dangers for electric vehicle batteries after fatal Cybertruck crash
While the cause of the deadly crash in Piedmont is under investigation, firefighters are finding themselves in tricky ...
The Cool Down on MSN
22h
Scientists develop first-of-its-kind, skeleton-inspired battery that could revolutionize electric cars: 'The best ever made in the world'
"In terms of multifunctional properties, the new battery is twice as good as its predecessor." Scientists develop ...
GM Authority
18h
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 ...
8h
on MSN
Tesla Announced Release of Hydrogen-Powered Car, the 'Model H'?
Throughout 2024, online rumors claimed that electric car company Tesla had announced a to-be-released "Model H" car that ...
5d
on MSN
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 ...
Crude Oil Prices
17h
EU Commission Earmarks $4.8 Billion for Clean Tech and EV Batteries
The European Union is investing $4.83 billion in net-zero technologies, including electric vehicle battery manufacturing, to ...
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