Ford's EV Battery Joint Venture Receives $9.2 Billion Conditional DOE Loan


June 26, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) has announced a conditional loan of $9.2 billion for Ford Motor Company's (NYSE:F) (Dearborn, Michigan) electric vehicle (EV) battery joint venture, BlueOvalSK, LLC, which will build and operate one manufacturing plant in Tennessee and two more in Kentucky. This is yet another EV battery-related loan handed out through the agency's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.

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