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June 22, 2023
Also, used car loans are trending significantly above vehicle value and Volkswagen knows batteries will make or break its future, in today's Morning Shift.
June 22, 2023
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June 22, 2023
The Department of Energy is loaning Ford and its battery manufacturing partner $9.2 billion to finance the construction of three electric vehicle battery plants in Tennessee and Kentucky, a massive cash infusion meant to ramp up domestic battery manufacturing capabilities to compete with China.
June 22, 2023
Utility industry news and analysis for energy professionals.
June 22, 2023
The loan will go toward building three battery factories in Kentucky and Tennessee, the Department of Energy said Thursday.
June 22, 2023
The Biden administration is loaning Ford and its partner billions of dollars to help build electric vehicle battery plants.
June 22, 2023
The Biden administration has offered a record-breaking $9.2 billion conditional loan commitment to a Ford Motor Co. joint venture to help scale up domestic lithium-ion battery production for the U.S.
June 22, 2023
The amount is the largest ever approved by the Energy Department's Loan Programs Office.
June 13, 2023
The Energy secretary also spoke to reporters about the Mountain Valley pipeline and U.S.-China energy ties as White House climate adviser John Podesta