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
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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
Biden Admin Gives Ford, Foreign Company Whopping $9 Billion Loan For EV Plants
The DOE on Thursday announced a conditional loan of up to $9.2 billion to a joint electric vehicle venture between Ford and Korean battery maker and SK On.
Source: dailycaller.com
Ford, SK On get Department of Energy loan for plants in Kentucky
The Department of Energy announced the loan to BlueOval SK for the construction of three electric vehicle battery plants in Kentucky and Tennessee.
Source: courier-journal.com