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, Stellatis 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.
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.
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 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.
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.
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.
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 ...
BMW Will Try New Method in Battery Cell Production
BMW is working to create a circular economy when it comes to battery cell production, and this will involve new recycling ...
Bisnow19h
EV Battery Manufacturer To Receive $7.5B Federal Loan For Indiana Plants
The release also noted that the plants will “greatly expand” North American EV battery manufacturing abilities and reduce ...
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 ...
First-of-its-kind EV battery adds 186 miles of range with a 5-minute charge
A first-of-its-kind EV battery is the latest, cutting-edge technology, and it can gain up to 186 miles worth of charge in ...
Waste Dive3h
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 ...