DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities
Green Car Congress
DECEMBER 13, 2022
billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The announcement marks LPO’s first closed loan exclusively for a battery cell manufacturing project under the Advanced Technology Vehicles Manufacturing (ATVM) program.
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