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US to loan $7.54B to Stellantis joint venture
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.
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.
US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants
The Department of Energy announced a $7.54 billion loan commitment to a Stellantis and Samsung SDI joint venture to build EV battery plants.
Stellantis and Samsung Secure $7.54 Billion Federal Loan for EV Battery Plants
A joint venture between Stellantis and Samsung, underscores the Biden administration’s commitment to boosting EV production.
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.
Stellantis, partner get loan commitment from feds for EV battery plants
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the plants and hundreds more at a supplier park nearby.
Stellantis-Samsung JV gets $7.5 billion U.S. government loan for EV battery plants in Indiana
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, Ind.
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.
Biden administration approves $7.5B loan for EV battery plants in Indiana
The Biden administration approved $7.5 billion in funding for two Indiana EV battery plants, the Energy Department's third-largest loan ever.
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.
2d
on MSN
Stellantis CEO Tavares quits: Why his EV bet sparked his departure
Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising ...
1d
on MSN
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
The auto industry is battling slowing EV demand, rising Chinese competition, and potential tariffs on Mexican imports.
2d
Stellantis shares plunge as CEO resigns: here’s what analysts have to say
Stellantis shares drop 8% after CEO Carlos Tavares resigns amid sales slump and strategic tensions. Read what analysts ...
3d
Tavares resigns as Stellantis CEO after company struggles for months
Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.
8d
Vauxhall owner Stellantis blames EV rules for plan to close UK van factory
The owner of Vauxhall and Peugeot on Tuesday said Britain’s “challenging” EV sales quota played a “significant part” in its ...
CarExpert.com.au on MSN
7h
EV dispute led to Jeep, Ram parent company CEO’s exit – report
The CEO of the world's fourth largest carmaker reportedly called for an aggressive push for EVs and that lost him the support ...
Electrek
1d
This new EV sounds like a French perfume but offers a massive 460-mile range
French luxury brand DS is slowly releasing details on its sleek new all-electric model, the brand’s flagship EV, all bottled ...
3d
Stellantis boss quits as Jeep, Maserati, Peugeot sales plunge
The world’s fourth-largest car maker, with brands like Fiat and Ram, has suffered a sharp decline in profits this year.
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