US government announces $7.54 billion loan to Stellantis-Samsung SDI battery JV
The loan will support the construction of two EV battery manufacturing facilities in Indiana, enhancing the US' EV production capacity
The US Energy Department has announced its intention to provide a significant loan, totaling up to $7.54 billion, to the StarPlus Energy joint venture, which is a collaborative effort between Stellantis, the parent company of Chrysler, and Samsung SDI.
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