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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.
The Cool Down on MSN
1d
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
1d
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 ...
1d
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 ...
Electrek
4h
EV battery makers get a $1 billion boost in the EU – but there’s a catch
The European Commission is throwing a lifeline to its emerging EV battery sector with a hefty boost of €1 billion. Question ...
8d
Most electric-car batteries could soon be made by recycling old ones
Although 70% of the world’s reserves of lithium carbonate (from which it is mined) are in Argentina, Australia and Chile, ...
6d
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 ...
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