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December 20, 2024
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LPO Finalizes Major Loans to Ford, Stellantis for EV Battery Plants
Scheduled to begin production in 2025, the BlueOval plant in Glendale, Ky., is one of two in the state being supported with a $9.63 billion loan from DOE's Loan Programs Office.
Scheduled to begin production in 2025, the BlueOval plant in Glendale, Ky., is one of two in the state being supported with a $9.63 billion loan from DOE's Loan Programs Office. | BlueOval SK
Dec 19, 2024 | K Kaufmann
DOE’s Loan Programs Office announced billions of dollars in loans for two joint ventures of car and electronics manufacturers aimed at building out a domestic battery supply chain and accelerate the rollout of new electric vehicles.
EV chargersLight-duty vehiclesLoan Programs Office (LPO)
KeywordsAdvanced Technology Vehicles Manufacturing (ATVM)BlueOval SKCox AutomotiveElectric vehicles (EVs)EV batteriesFord Motor Co.Ford Mustang Mach-EJiem CranneyJoint Office of Energy and Transportationlithium-sulfur batteriesLoan Programs Office (LPO)National Electric Vehicle Infrastructure (NEVI) programSamsung SDISK OnStarPlus EnergyStellantisU.S. Department of Energy (DOE)
K Kaufmann
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