US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.

By: WDIV ClickOnDetroit

Dec 03 2024
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US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants — US commits to $7.54 billion lo

DETROIT – A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC is... [2363 chars]

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