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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.
US Proposes $7.54 Billion Loan to Stellantis, Samsung SDI Battery Joint Venture
WASHINGTON (Reuters) - The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
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.
Biden Offers $7.5 Billion for Samsung SDI-Stellantis Battery Hub
A joint venture between Samsung SDI Co. Ltd. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.54 billion in financing from the Biden administration.
The Cool Down on MSN
3d
Researchers make breakthrough in lithium-ion battery technology that will enhance our everyday devices — including electric vehicles
Nickel-rich complex layered oxides are commonly used to make cathodes within LIBs. Cathodes allow current to flow out of a ...
Interesting Engineering on MSN
2d
Self-healing lithium-ion battery that stretches 250% unveiled in China
Researchers at Jilin University in China have developed a self-healing lithium-ion battery that can stretch 250% without ...
6d
Cambridge materials science spin-out Molyon is on a mission to make next-gen batteries fly
Battery tech is pivotal as the world leans into electrification to power decarbonization in the race against climate change.
New Atlas
6d
Fast-charging lithium-sulfur battery for eVTOLs nears production
Researchers at Australia's Monash University are close to solving one of the biggest challenges with eVTOL aircraft. The team ...
Bloomberg L.P.
5d
Battery Maker Morrow Calls for Clarity on Make-or-Break Loan
Morrow, which earlier this year opened the doors to its first
lithium
-iron phosphate
battery
factory in southern Norway, ...
5d
Galp drops plans to build Aurora lithium refinery in Portugal
Portuguese energy company Galp said late on Tuesday it has dropped its plan to build the Aurora lithium refinery after it ...
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