Dec 13, 2022

Biden Admin Grants $2.5 Billion Loan to GM, LG Energy Solution to Build EV Battery Cell Factories

The U.S. Department of Energy (DOE) announced on Monday the closing of a $2.5 billion loan to Ultium Cells LLC, a joint venture between General Motors and South Korea's LG Energy Solution, aimed at financing the construction of three new lithium-ion battery cell ...