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 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.
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 proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department said Monday it is planning to loan 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.
US commits to $7.54 billion loan for 2 Indiana electric vehicle battery plants
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the plants and hundreds more at a nearby park for parts supply companies,
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.
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.
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