Biden announces $2.5 billion loan to help GM and LG make EV batteries
Headline from ABC 17 Mid-Missouri
By Ella Nilsen, CNN The US Department of Energy’s Loan Programs Office will announce Monday that it is issuing a $2.5 billion loan to help start three lithium battery manufacturing hubs in Ohio, Tennessee and Michigan.
ABC 17 Mid-Missouri's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants
By Ella Nilsen, CNN The US Department of Energy’s Loan Programs Office will announce Monday that it is issuing a $2.5 billion loan to help start three lithium battery manufacturing hubs in Ohio, Tennessee and Michigan.
A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan.
The Department of Energy announced Monday it closed a $2.5 billion loan for a partnership between General Motors and LG Energy Solutions to construct three electric vehicle battery facilities in Michigan, Ohio and Tennessee.
