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U.S. Energy Department unveils $7.54B loan for Samsung, Stellatis EV battery plant

By Yahoo! Finance   |   1 year ago
U.S. Energy Department unveils $7.54B loan for Samsung, Stellatis EV battery plant

The U.S. Department of Energy approved a $7.54 billion loan for a Stellantis-Samsung joint project in Indiana to boost EV battery production. The project aims to reduce reliance on foreign sources and create thousands of jobs.

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