U.S. Energy Department Announces $2.5 Billion Battery Cell Manufacturing Loan for Ultium Cells

The U.S. Energy Department’s Loan Programs Office closed a $2.5 billion loan to Ultium Cells LLC on Dec. 12 for the construction of its lithium-ion battery cell manufacturing facilities in Ohio, Michigan, and Tennessee, which will create more than 11,000 high-paying jobs across the three facilities. This will drive the country toward electric vehicles and…...