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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 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.
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.
2h
When the grid died, these EV owners powered their homes with their cars
In an era of increasingly hard-hitting disasters, some people are turning to their EVs as a part of their recovery plan.
1d
on MSN
Officials warn about fire dangers for electric vehicle batteries after fatal Cybertruck crash
While the cause of the deadly crash in Piedmont is under investigation, firefighters are finding themselves in tricky ...
GM Authority
1d
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 ...
1d
on MSN
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 ...
6d
on MSN
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 ...
5h
Triangle mechanics report increase in car battery issues as temperatures plummet
Extreme temperatures can put significant strain on your car, including gas-powered, electric and hybrid vehicles.
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