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$7.54B Boost for U.S. EV Battery Plants
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.
US to loan $7.54B to Stellantis joint venture for 2 EV battery plants
The US DOE says it will loan up to $7.54 billion to a Stellantis and Samsung SDI joint venture to help build two EV battery plants in Indiana.
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.
GM offloads its stake in EV battery factory
GM offloads its stake in EV battery factory to joint venture partner LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy
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 announced Monday. The nearly completed factory in Lansing, Michigan, was being developed by Ultium Cells LLC,
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 Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs.
GM Authority
10h
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 ...
2d
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 ...
Green Car Reports
2d
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 ...
11h
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 ...
Waste Dive
1d
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 ...
1d
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.
4d
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 ...
Swarajya
1d
Centre Plans Rs 9,000 Crore PLI Scheme For Domestic EV Battery Component Manufacturing To Cut China Imports: Report
Despite the launch of the Rs 18,100 crore production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) ...
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