August 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) has announced a conditional loan of $2.5 billion for <a href='https://www.ultiumcell.com/' target='_blank'>Ultium Cells LLC</a>, a joint venture between <a href='https://www.gm.com/' target='_blank'>General Motors Company</a> (<a href='https://www.nyse.com/quote/XNYS:GM' target='_blank'>NYSE:GM</a>) (Detroit, Michigan) and South Korean battery maker <a href='https://www.lgensol.com/en/index' target='_blank'>LG Energy Solution</a>, for the construction of lithium-ion battery cell-manufacturing facilities in Ohio, Tennessee and Michigan. Industrial Info is tracking the projects, which will supply GM's auto assembly plants.
