US offers $7.54bn loan for Stellantis-Samsung SDI battery JV

US offers $7.54bn loan for Stellantis-Samsung SDI battery JV

The US Energy Department plans to provide a $7.54bn loan to StarPlus Energy JV for building EV battery plants in Indiana. Stellantis aims to produce batteries for 670,000 electric vehicles annually, with the first plant set to open in 2025.

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