US Department of Energy commits $7.54 billion loan for EV production in Kokomo
Though not yet finalized, the $7.54 billion loan from the department's Loan Programs Office to StarPlus Energy is the third largest by the office.
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 $7.54B 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
US offers $7.54bn loan for Stellantis-Samsung SDI battery JV
The US Energy Department has announced a proposed loan of up to $7.54bn to the StarPlus Energy joint venture (JV) between Stellantis and Samsung SDI. This financial support aims to facilitate the construction of two electric vehicle lithium-ion battery plants in Kokomo,
Stellantis, Samsung SDI to Receive Up to $7.5B in Federal Financing for Two EV Battery Plants in Kokomo, Indiana
StarPlus Energy LLC, a joint venture between global automobile manufacturer Stellantis N.V. and South Korean battery maker Samsung SDI Co. Ltd., has secured a conditional commitment for federal funding to finance two new lithium-ion battery cell and module manufacturing plants underway in Kokomo.
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 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.
Powering the Future: $7.54B Boost for U.S. EV Battery Plants
Big news for clean energy and American jobs! The Department of Energy has announced a $7.54 billion conditional loan commitment to StarPlus Energy for two lithium-ion battery factories in Kokomo, Indiana.
Federal loan would finance EV battery plants in Kokomo
A federal loan is expected to help finance two new manufacturing plants in Kokomo, both of which will help expand the United States’ electric vehicles industry. According to a recent news release, the U.
2nd person arrested in ongoing child molestation investigation in Kokomo
The Kokomo Police Department arrested a woman on child exploitation and neglect charges on Monday. According to a press ...
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Feds Approve $7.54B Loan for Battery Plants in Kokomo, Boosting Indiana Jobs and Tech Education in a Giant Leap for U.S. EV Market
The U.S. Department of Energy conditionally loans $7.54 billion to StarPlus Energy for EV battery plants in Indiana.
Kokomo PD searching for person of interest who may have been involved in Sunday morning shooting
The Kokomo Police Department is searching for a person of interest who may have been involved in a shooting Sunday morning.
Kokomo Private Island Wins Prestigious 2024 Global Recognition Award for Excellence in Sustainable Luxury Hospitality
Fiji's Kokomo Private Island has earned a 2024 Global Recognition Award, highlighting its excellence in sustainable luxury ...