U.S. Energy Department Commits $2.5 Billion Loan to EV Battery Cell Manufacturing
U.S. Energy Department’s Loan Programs Office has announced a provisional pledge to Ultium Cells LLC for a $2.5 billion loan to aid the financing of new-found lithium-ion battery cell production plants in Ohio, Tennessee, and Michigan. The three plants are expected to bring economic prosperity into their respective states and are likely to create 6,000…...