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 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.
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.
US Department of Energy plans $7.5B loan to Stellantis, Samsung for battery plants
The U.S. Energy Department said Monday it plans to lend up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in 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,
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 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.
The Cool Down on MSN22h
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 ...
Leading battery company unveils 'world's first' technology with 10-minute-charging capability: 'Heralding a new era'
SpaceX CEO Elon Musk has long promised to make humanity interplanetary by establishing a permanent outpost on Mars. With the ...
Hosted on MSN20h
Automaker announces new high-tech electric model with major price reduction — here's what you need to know
The RZ 450e AWD is powered by a 71.4 kWh battery and has an EPA-estimated driving range of up to 220 miles. Automaker ...
Interesting Engineering on MSN10d
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.
EurekAlert!11d
Powering the future: Overcoming key challenges in electric vehicle battery technology
A groundbreaking review article delves into the critical challenges facing electric vehicle (EV) battery technology, offering ...
TopSpeed on MSN13h
EXCLUSIVE: Jeep Seeks To Embrace Extended-Range Tech For Its Electric Vehicles
Jeep will be expanding its electric vehicle lineup to include extended-range EVs, or EVs with range-extending internal ...
Ilika plc Advances Electric Vehicle Battery Technology
Ilika plc (GB:IKA) has released an update.Don't Miss out on Research Tools:Discover the latest stocks recommended by top Wall Street analysts, ...
Crude Oil Prices17h
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 ...
The Cool Down on MSN4d
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 ...