U.S. Proposes $7.54B Loan for Stellantis Battery Venture
Proposed Loan Aims to Boost EV Battery Production in Indiana...
The U.S. Department of Energy (DOE) has announced plans to offer a conditional loan of up to $7.54 billion to support StarPlus Energy, a joint venture between Stellantis and Samsung SDI. This funding is intended to assist the construction of two state-of-the-art lithium-ion battery plants in Kokomo, Indiana, to power the next generation of electric vehicles (EVs).
U.S. Proposes $7.54B Loan for Stellantis Battery Venture
The U.S. Department of Energy (DOE) has announced plans to offer a conditional loan of up to $7.54 billion to support StarPlus Energy, a joint venture between Stellantis and Samsung SDI. This funding is intended to assist the construction of two state-of-the-art lithium-ion battery plants in...
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