Ford and SK On get $9.63B government loan for battery plant

Ford and SK On will receive a $9.63 billion government loan for their BlueOval SK battery joint venture, according to a report Monday from Reuters. The news ups the original loan amount, which was $9.2 billion, reported in June by The New York Times. The Department of Energy loan—the largest so far by the Biden administration related to EV...

Dec 17, 2024 - 09:00
Ford and SK On get $9.63B government loan for battery plant
BlueOvalSK Battery Park  -  rendering, September 2021Ford and SK On will receive a $9.63 billion government loan for their BlueOval SK battery joint venture, according to a report Monday from Reuters. The news ups the original loan amount, which was $9.2 billion, reported in June by The New York Times. The Department of Energy loan—the largest so far by the Biden administration related to EV...

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