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 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.
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.
Stellantis-Samsung Joint Venture Gets $7.54B Loan for Indiana EV Battery Plants
Combined, the two plants in Kokomo, IN, will produce enough lithium-ion batteries to power 670,000 EVs per year.
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.
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
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,
Stellantis and Samsung will get $7 billion to build battery factories
U.S. government has made a commitment to lend about $7 billion to a Stellantis joint venture with Samsung SDI to build two electric vehicle battery factories in Indiana.
GM sells stake in EV battery plant to partner LG Energy Solutions
General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker ...
EU Aid for EV Batteries Seeks to Stave Off Chinese Competition
EV battery manufacturers relying on Chinese components risk being cut out of €1 billion in European Union subsidies as the ...
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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 ...
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GM Is Selling Lansing EV Battery Plant
General Motors has announced it will sell its stake in a massive EV battery plant in Lansing, Michigan, to LG Energy Solution ...
GM to Sell Stake in Michigan EV Battery Plant to LG Energy
General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG ...
Why do EV batteries drain faster in the winter?
Ever wondered why your EV's battery performance seems to drop so much in the winter? Here's what you need to know.
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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 ...
A Tesla founder started an EV battery recycling company that's on pace to make $200 million a year
Tesla founder JB Straubel says his recycled EV battery company aims to produce enough batteries for 1 million electric ...