US Energy Loan for EV Plants
This is a Kokomo news story, published by Verge, that relates primarily to Samsung news.
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EV battery plantsVerge
•Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
77% Informative
Stellantis and Samsung SDI will receive $7.54 billion to build two EV battery plants in Kokomo , Indiana .
The project is expected to create 3,200 jobs, as well as 2,800 operations jobs at the plants and hundreds more at a nearby supplier park.
The loan will come from the DOE’s Advanced Technology Vehicles Manufacturing (ATVM) program.
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