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 $7.54 billion to build two EV 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.
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. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC is expected to create at least 2,
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,
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.
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 MSN10h
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 ...
TopSpeed32m
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 ...
European Commission favours more EU funds for electric vehicles sector
The European Commission called on Tuesday for an additional 1 billion euros ($1.1 billion) of EU funds to be made available ...
IJR2h
General Motors Strikes Deal To Offload Battery Plant Stake To LG
General Motors (GM) announced Monday a shift in its electric vehicle (EV) strategy by agreeing to sell its share of ...
Tire Review Magazine3h
How electric vehicle power steering is used to extending EV battery life
Electric power steering systems are designed to be more energy-efficient compared to their hydraulic counterparts.
GM Authority11h
EV Battery Will Soon Be Cheaper To Replace Than Gas Engine: Report
According to new research by Recurrent, a continuing downward trend in costs and an increase in energy density will lower the ...
GM to Exit Michigan EV Battery Plant
The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments ...
Green Car Reports2h
GM selling its stake in Michigan battery factory to LG
In separate announcements, GM said it planned to sell its stake in a Michigan joint-venture battery factory to LG, while the ...
Opinion: Small electric vehicles are affordable for many Mainers – for now
This is the time to buy, before Trump takes office and threatens the generous income tax credits available for EV purchases.
Fortescue secures $6.48m ARENA funding for heavy vehicle fast charger development
Australian mining company Fortescue has received an A$10m ($6.48m) grant from the Australian Renewable Energy Agency (ARENA) ...