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 $7.54 billion to build two EV battery plants in Kokomo, Indiana.
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. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC is expected to create at least 2,
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.
Stellantis-Samsung JV Gets $7.54 Billion DOE Loan to Build EV Battery Plants -- OPIS
The U.S. Department of Energy on Monday announced a conditional commitment for a loan of up to $7.54 billion to StarPlus Energy to help finance its plan to build two electric vehicle battery plants that would supply almost 700,
U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant
DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.
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.
Electrek6h
EV battery makers get a $1 billion boost in the EU – but there’s a catch
The European Commission is throwing a lifeline to its emerging EV battery sector with a hefty boost of €1 billion. Question ...
Waste Dive8h
Tennessee university to receive DOE funding for EV battery recycling project
Tennessee Tech University will develop a mobile preprocessing hub for EV batteries as part of a $4.8 million federal grant.
GM Authority1d
EV Battery Will Soon Be Cheaper To Replace Than Gas Engine: Report
According to new research by Recurrent, a continuing downward trend in costs and an increase in energy density will lower the ...
Tech Xplore on MSN4d
Electric vehicle fires: How worried should we really be?
Thermal runaway is a self-accelerating reaction that leads to a rapid temperature increase. It is often caused by ...
Will Electric Vehicle Adoption Thrive Under The New Administration?
The incoming Trump administration’s positions on incentives and tariffs could slow EV adoption in the United States, but ...
GM to Exit Michigan EV Battery Plant
The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments ...
Hosted on MSN2d
This electric vehicle myth refuses to die, because it’s so hard to pick apart
Even when battery electric vehicles are charged using Eskom electricity from coal-fired power plants, they are still less harmful to humans and the environment than petrol and diesel vehicles. This ...
Thailand to extend production timeframe for battery EVs, investment board says
Thailand will extend a production timeframe for battery electric vehicles (BEV) and offer incentives for hybrid EVs, its ...
Crude Oil Prices1d
EU Commission Earmarks $4.8 Billion for Clean Tech and EV Batteries
The European Union is investing $4.83 billion in net-zero technologies, including electric vehicle battery manufacturing, to ...
Tire Review Magazine1d
How electric vehicle power steering is used to extending EV battery life
Electric power steering systems are designed to be more energy-efficient compared to their hydraulic counterparts.
ET Auto9h
Decoding BaaS (Battery-as-a-Service): A game changer in EV segment
The EV market recently witnessed the roll-out of Battery-as-a-Service (BaaS), which aims to make owning an electric vehicle ...