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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.
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.
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.
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,
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.
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.
The Cool Down on MSN
3d
Researchers make breakthrough in lithium-ion battery technology that will enhance our everyday devices — including electric vehicles
Nickel-rich complex layered oxides are commonly used to make cathodes within LIBs. Cathodes allow current to flow out of a ...
Gangnamtimes on MSN
1d
Sodium-Ion vs. Lithium: How the Safer Alternative Could Change the EV Landscape
Concerns over lithium-ion batteries rise due to EV fires, leading to interest in safer, cheaper sodium-ion alternatives.
5h
on MSN
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 ...
Interesting Engineering on MSN
11d
Breakthrough EV battery tech achieves 0 to 80% charge in just 15 minutes
Researchers have revolutionized lithium-ion battery design, enabling EVs to charge from 0 to 80% in just 15 minutes.
52m
on MSN
GM offloads one of its battery factories to joint venture partner LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan to its joint ...
Science Daily
22h
Batteries News
2024 — Researchers have made a significant advance in the development of all-solid-state
lithium
batteries
, which are being pursued as the next step in
electric
vehicle
(EV)
battery
...
6d
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, ...
Tech Xplore on MSN
2d
Electric vehicle fires: How worried should we really be?
Thermal runaway is a self-accelerating reaction that leads to a rapid temperature increase. It is often caused by ...
WFLX
2d
Lithium-ion battery fires: Officials have this warning
A rise in lithium-ion battery-related fires has Palm Beach County Fire Rescue sending out a warning. Many of the hottest ...
The Cool Down on MSN
1d
Researchers explore potential of durable battery that could transform electric cars: 'Cheaper, faster, and longer-lasting'
Discoveries like these are key to the continued advancement of sustainable transportation solutions. Researchers explore ...
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