Ford's EV Battery Joint Venture Receives $9.2 Billion Conditional DOE Loan
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.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Automotive Sector Propels Kentucky to $13.8 Billion in Projects Under Const...
- Automakers Invest in U.S. Lithium-Mining Projects
- DOE, EV Projects Push Tennessee to $20 Billion in Projects Under Constructi...
- Petroleum Refineries May Find New Markets Amid EV, Energy Transition Trends
- Construction Contractor Walbridge at Work at $7.5 Billion of U.S. Projects