Federal government proposes a more than $7.5 billion loan for Kokomo EV battery plants
The joint venture by Stellantis and Samsung SDI is expected to create thousands of jobs. The plants will make battery cells and modules which will then be sold to Stellantis for use in their electric vehicle models sold in North America.
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 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 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.
US Proposes $7.54 Billion Loan to Stellantis, Samsung SDI Battery Joint Venture
WASHINGTON (Reuters) -The U.S. Energy Department said Monday it is planning to loan 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 $7.54B Loan for Stellantis EV Battery Plants
A Stellantis joint venture with Samsung 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.
Stellantis and Samsung will get US$7 billion to build battery factories
The loan, from the Biden administration, was designed to withstand Republican attacks. Read more at straitstimes.com.
US commits to $7.54B 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. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana
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