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The US Energy Department has announced a proposed loan of up to $7.54bn to the StarPlus Energy joint venture (JV) between Stellantis and Samsung SDI.
The US Energy Department has announced a proposed loan of up to $7.54bn to the StarPlus Energy joint venture (JV) between Stellantis and Samsung SDI.
WASHINGTON — U.S. Department of Energy said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric.
On December 2, 2024, the U.S. Department of Energy (DOE) announced a conditional loan of up to $7.54 billion to StarPlus Energy LLC, a joint venture between Stellantis and Samsung SDI, to fund two lithium-ion battery factories for electric vehicles (EVs) in Kokomo, Indiana.
South Korean electric vehicle (EV) battery manufacturer Samsung SDI has committed to invest US$2bn in the second battery manufacturing plant it has agreed to build with Stellantis, the.
Stellantis and Samsung SDI have signed a memorandum of understanding to build a second battery gigafactory in the US through their StarPlus Energy joint venture. The plant will have an initial annual production capacity of 34 GWh from the start of production, which is set for early 2027.
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