Biden admin loans Stellantis and Samsung $7B for Indiana battery factory

$7.5B loan would help scale up battery production in Indiana Aiming for 67 gigawatt-hours of annual capacity there DOE loan comes from same program that supported Tesla The Department of Energy on Monday said it is prepared to loan up to $7.5 billion to Stellantis and Samsung SDI for battery production in Indiana. The conditional loan commitment...

Dec 3, 2024 - 09:00
Biden admin loans Stellantis and Samsung $7B for Indiana battery factory
2024 Dodge Charger Daytona$7.5B loan would help scale up battery production in Indiana Aiming for 67 gigawatt-hours of annual capacity there DOE loan comes from same program that supported Tesla The Department of Energy on Monday said it is prepared to loan up to $7.5 billion to Stellantis and Samsung SDI for battery production in Indiana. The conditional loan commitment...

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