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,
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 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.
U.S. commits to $7.5B loan for Stellantis venture to build 2 EV 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, Ind.
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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 ...
Honda Testing New Car Batteries, Aims to Save Buyers Money
Honda just completed its first solid-state battery demonstration assembly line (covering approximately 295,000 square feet) ...
General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution
General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, ...
Will Electric Vehicle Adoption Thrive Under The New Administration?
The incoming Trump administration’s positions on incentives and tariffs could slow EV adoption in the United States, but ...
Popemobile Goes Electric With Vatican’s New Mercedes G-Wagon
Mercedes-Benz Group AG may be struggling to sell its electric cars, but it just landed a heavenly endorsement: Pope Francis, ...
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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 ...
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GM, LG Pursuing New EV Battery Format
The joint-venture partners are extending their electric-vehicle battery collaboration to include a space-efficient, ...
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Kokomo UAW chapter says Stellantis will unionize new battery plant
The plant recently secured billions of dollars in loans from the federal government. It is expected to fully open in 2026, ...