GM and LG to build 3 US EV battery factories with a $2.5B DOE loan - Electrek.co

The US DOE has announced $2.5 billion for GM and LG Energy Solution in order to finance three lithium-ion battery cell factories.

The US Department of Energy (DOE) has announced a conditional loan of $2.5 billion for Ultium Cells, a joint venture of General Motors (GM) and battery manufacturer LG Energy Solution, to help financ… [+2387 chars]

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