U.S. Battery Plants for Ford EVs on Track for $9.2B Federal Loan
It would be the biggest award under the program since President Biden took office.
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It would be the biggest award under the program since President Biden took office.
NASHVILLE, Tenn. (AP) - Massive battery plants planned in Tennessee and Kentucky for Ford's electric vehicles are on track to receive up to a $9.2 billion
It would be the biggest award under the program since President Biden took office.
Massive battery plants planned in Tennessee and Kentucky for Ford's electric vehicles are on track to receive up to a $9.2 billion federal loan in what
Ford is on track to receive the largest award under the US Department of Energy's loan programme since President Joe Biden took office. The up to USD 9.2bn federal loan will fund the construction of enormous battery plants in Tennessee and Kentucky for Ford's incoming electric vehicle range. The project is in a joint venture with SK On, a South Korean battery manufacturer.