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Stellantis, Samsung SDI
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.
Stellantis-Samsung Joint Venture Gets $7.54B Loan for Indiana EV Battery Plants
Combined, the two plants in Kokomo, IN, will produce enough lithium-ion batteries to power 670,000 EVs per year.
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.
3h
President Biden offers $7.5 billion for Samsung SDI-Stellantis hub
The funding, which could easily be canceled by the incoming Trump administration if not finalized by inauguration day ...
8h
Stellantis and Samsung will get $9.4 billion to build battery factories in US
The loan, from the Biden administration, was designed to withstand Republican attacks. Read more at straitstimes.com.
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