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.
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,
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.
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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$4.7M project will help teach Michigan college students how to build electric cars
More than $4.7 million is going to colleges in Southwest Michigan to help students earn degrees in electric vehicle ...
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 ...
EV battery industry trends in integrated manufacturing and localization initiatives
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The role of aluminum in electric vehicle manufacturing
Aluminum’s light weight and high-strength properties make it ideal for various EV structural components. Laser welding helps ...
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US firm unveils high-tech battery that charges 90% in 15 minutes — here's how it could revolutionize electric cars
"We believe our batteries are well-positioned to support all electric mobility markets." US firm unveils high-tech battery ...
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 ...
What tax help is available for electric car buyers?
Getting a company car is seen by the government as a benefit in kind and is taxable. Electric cars are rated at just 2 per ...