EF: Charged Business

The US Department of Energy intends to lend a joint venture to General Motors batteries worth $ 2.5 billion

WASHINGTON, July 25 (Reuters) – The U.S. Department of Energy announced on Monday that it intends to lend $2.5 billion to a joint venture between General Motors and LG Energy Solutions (373220.KS) to help fund the construction of new lithium-ion battery cell manufacturing facilities. The conditional loan commitment to Ultium Cells LLC for facilities in …

The US Department of Energy intends to lend a joint venture to General Motors batteries worth $ 2.5 billion Read More »