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Biden admin loans Stellantis and Samsung $7B for Indiana battery factory

Green Car Reports
$7.5B loan would help scale up battery production in Indiana Aiming for 67 gigawatt-hours of annual capacity there DOE loan comes from same program that supported Tesla The Department of Energy on Monday said it is prepared to loan up to $7.5 billion to Stellantis and Samsung SDI for battery production in Indiana. The conditional loan commitment… Read more…

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