U.S. Energy Department Commits $7.54 Billion Loan to Stellantis-Samsung JV for EV Battery Plants
The U.S. Department of Energy has committed to providing up to $7.54 billion in loans to a Stellantis-Samsung SDI joint venture, StarPlus Energy LLC, to build two advanced electric vehicle (EV) battery manufacturing facilities in Kokomo, Indiana. The plants will produce cutting-edge battery cells and modules intended for electric vehicles sold across North America. Upon […]
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