Will StarPlus energy build a lithium-ion battery plant in Indiana?
Please let us know if you have feedback. Starplus Energy, a joint venture between Stellantis and Samsung SDI, finalized its $7.54 billion loan from the Department of Energy to build two lithium-ion battery plants in Kokomo, Indiana, the agency announced Tuesday.
Where is StarPlus energy's EV battery plant located?
StarPlus Energy’s plant construction site in Kokomo, Indiana. The Stellantis and Samsung SDI’s EV battery joint venture finalized a $7.5 billion loan from the Department of Energy on Dec. 18. Stock Photo via Getty Images This audio is auto-generated. Please let us know if you have feedback.
Will stellantis & Samsung SDI build EV battery plants in Indiana?
His work has appeared in The New York Daily News and City & State. 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.
Did Biden get a $2.5 billion loan to build a new battery?
Biden brought the program back in 2022 with a $2.5 billion loan to a joint venture of General Motors and LG Energy Solution to help fund the construction of a new lithium-ion battery manufacturing facility.
Will Biden finance a new battery manufacturing plant in Indiana?
Photographer: Liam Kennedy/Bloomberg Photo by Liam Kennedy / Bloomberg (Bloomberg) — 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.
Will EV battery production expand in North America?
Activate your Online Access Now “The project will greatly expand EV battery manufacturing capacity in North America and reduce America’s reliance on adversarial foreign nations like China, as well as other foreign sourcing of EV batteries,” the Energy Department said in a blog post.
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A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.
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