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Samsung, Stellantis
US Department of Energy plans $7.5B loan to Stellantis, Samsung for battery plants
The venture will build batteries in Kokomo, Indiana, for Stellantis electric vehicles and at full capacity will produce about 67 GWh of batteries, enough to supply approximately 670,000 vehicles annually,
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 and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
Green Car Reports
1d
Biden admin loans Stellantis and Samsung $7B for Indiana battery factory
If approved, the loan will fund two battery plants in Kokomo, Indiana, being built under the StarPlus Energy joint venture ...
30m
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.
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