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Indiana

U.S. Energy Department unveils $7.54B loan for Samsung, Stellatis EV battery plant

DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.

By: UPI News
  • Dec 03 2024
  • 33
  • 2782 Views
U.S. Energy Department unveils $7.54B loan for Samsung, Stellatis EV battery plant
U.S. Energy Department unveils
DOE officials estimate StarPlus batteries will replace about 260 million gallons of petroleum waste per year. The project will produce at full capacity about 67 GWh of batteries which will be enough to supply approximately 670,000 vehicles annually. ... [3101 chars]

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