U.S. Department Of Energy Finalizes Ford EV Plant Loan
The U.S. Energy Department is scrambling to finalize its EV commitments, including to Ford and GM, before the White House comes under new management in January.
Ford secures $9.63 billion federal loan for U.S. battery plants
In a landmark move, the U.S. Department of Energy (DOE) finalized a $9.63 billion loan to BlueOval SK, a joint venture between Ford Motor Company and South Korean battery maker SK On. The loan, announced on Monday,
Ford Battery Venture Gets DOE Loan
Three EV battery plants are drawing a multi-billion dollar federal loan from a program working to subsidize the domestic electric vehicle sector.
US gives final OK for $9.63B loan for Ford joint venture EV battery plants
WASHINGTON — The U.S. Energy Department said Monday it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean ... actions by the Biden administration to boost electric vehicle production before President-elect Donald ...
Energy Department finalizes $9.63B loan for Ford, SK battery plants
The U.S. Energy Department on Monday said it had finalized a direct loan of up to $9.63 billion to the joint venture of Ford Motor Co. and Korean battery partner SK On Ltd. for the construction of three electric vehicle battery plants in Tennessee and Kentucky.
Ford And SK On Get $9.6 Billion Loan From US Government For Local Battery Plants
The three plants will have the capacity to produce 120 GWh worth of EV batteries each year. This loan has been in the works for more than 18 months and was only just approved. The DOE has also made recent loan commitments to Rivian and Stellantis.
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
The low-cost government loan for the Blue Oval SK joint venture is the largest ever from the Advanced Technology Vehicles Manufacturing loan program.
Ford EV Battery Joint Venture Secures $9.63 Billion Loan From US Energy Department
Ford Motor's (F) joint venture with South Korean electric vehicle battery manufacturer SK On secured an up to $9.63 billion loan from the US government for the construction of three new battery production plants.
Ford Stock Skids: Jefferies Sounds Alarm on Inventory Glut and EV Gamble
Ford Motor stock is hitting the brakes, falling nearly 4% on Monday after Jefferies downgraded the automaker to underperform ...
Ford Facing Battery-Electric Roadblocks: Time To Consider BYD?
Ford's challenges include lowered earnings guidance, warranty costs, and a canceled electric SUV project. Read why BYD could ...
Ford To Cut 4,000 Jobs in Europe, Cites Weak EV Sales and Economic Pressures
Electric vehicle demand in Europe has been sluggish, with sales in Germany dropping significantly in the first nine months of ...