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US to loan $7.54B to Stellantis joint venture

The Verge on MSN · 20h

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.

The New York Times · 2d

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.

Electrek · 18h

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.

1don MSN

Biden Offers $7.5 Billion for Samsung SDI-Stellantis Hub

A joint venture between Samsung SDI Co. and Stellantis NV to create battery manufacturing plants in Indiana is being offered ...

1don MSN

Vivek Ramaswamy says DOGE will 'carefully scrutinize' loans Biden gave to Tesla rivals

The Biden administration is providing financing for two battery factories being built by Stellantis and Samsung, as well as a ...

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