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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 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.
Stellantis-Samsung JV gets $7.5 billion U.S. government loan for EV battery plants in Indiana
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.
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 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.
54m
on MSN
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 ...
1m
on MSN
BMW Will Try New Method in Battery Cell Production
BMW is working to create a circular economy when it comes to battery cell production, and this will involve new recycling ...
Waste Dive
2h
Tennessee university to receive federal funding for EV battery recycling project
Tennessee Tech University will develop a mobile preprocessing hub for EV batteries as part of a $4.8M DOE grant. It’s part of ...
Green Car Reports
1d
Replacing an EV battery may cost less than fixing a gas engine by 2030
A new report indicates that as battery costs continue to drop replacements will be cheaper than repairing a gas-powered car ...
6h
Here’s how Trump could affect Tennessee auto industry, businesses see sluggish EV sales
Electric vehicle domination is still decades out, but experts say Tennessee is among the states leading the way. Here's how.
6d
First-of-its-kind EV battery adds 186 miles of range with a 5-minute charge
A first-of-its-kind EV battery is the latest, cutting-edge technology, and it can gain up to 186 miles worth of charge in ...
Electrek
7d
BYD confirms next-gen Blade EV battery is coming soon promising even more range
BYD is launching a new Blade EV battery next year to power its next wave of vehicles. China’s EV giant confirmed the advanced ...
1h
GMC Hummer EV SUV: This Super EV Delivers Surprising Fun And Fancy
In the year of the super EV, the GMC Hummer EV found its tribe. This "moon shot" EV with over the top features is notable for ...
3d
on MSN
How Europe’s EV Battery Pioneer Northvolt Came Unstuck
Europe’s ambitions to lead the world in green technologies risk fizzling out in the face of China’s dominance. The outlook is ...
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