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November 14, 2024

Ultium

KORE Power
LPO Announces $850M Conditional Loan for Ariz. Battery Cell Plant
DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.
Ultium Cells
DOE Announces $2.5B Loan to EV Battery Manufacturer Ultium
The DOE is providing the loan to help finance construction of new lithium-ion battery manufacturing plants in Michigan, Ohio and Tennessee.

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