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Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories

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Summary
Nutrition label

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.

VR Score

77

Informative language

75

Neutral language

55

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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