Feds announce $9.2 billion loan for Ford-SK battery joint venture
The conditional loan is the largest in the agency's history and the single largest federal investment in an automaker since the Great Recession.
Source: detroitnews.com
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US aims to offer $9.2 bn loan to Ford-SK venture
The U.S. Department of Energy intends to provide a loan of up to $9.2 billion to a collaborative effort between Ford Motor and SK On
Source: greentechlead.com
Ford-SK venture to get $9.2 billion U.S. loan for EV battery plants
The U.S. Energy Department plans to lend up to $9.2 billion to Ford and South Korea's SK On to help build three battery plants in Tennessee and Kentucky.
Source: autoblog.com
Ford-SK venture to get $9.2 bln US loan for battery plants
Many Republicans in Congress have criticized the Biden administration's efforts to boost EV and battery production. Last year, the department awarded a joint venture of General Motors and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.
Source: devdiscourse.com
Ford-backed Electric Battery Venture Approved For $9.2bn US Loan
A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday.
Source: ibtimes.com