DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities
The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. Ultium Cells, a joint venture between General Motors and LG...
Source: greencarcongress.com