Stellantis and Samsung Will Get $7 Billion to Build Battery Factories

Automotive and TransportationAutomotive and Transportation

Mon, December 2, 2024

[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

Russia and China bracing for economic chaos as Donald Trump threatens brutal 100% tariffs

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

Govt lowers FY25 GDP growth forecast to 5.25%, estimates inflation at 9%

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

Know the Oscar Mayer Bologna Jingle by Heart? You May Be Able to Cash in on That

[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

Politics latest: 'Catastrophic' new year in store .. to budget tax rises, says prominent Labour backer

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Costco Is Recalling 10,800 Units of Its Kirkland .. ture Pasture-Raised Eggs Over Salmonella Concerns

[ Mon, Dec 02nd 2024 ] - Hubert Carizone

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

Walmart is selling a 'quality' $500 adjustable du .. r just $189, and it has over 2,000 5-star ratings

[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Aaron Neefham

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

$3.5B in Liberals' COVID business loans went to ineligible recipients, auditor general finds

[ Mon, Dec 02nd 2024 ] - Brian Stokes

David Prosser, who served as Wisconsin Assembly speaker and as a state Supreme Court justice, dies

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Toby Perkins visits popular Chesterfield pub to d .. dustry challenges and impact of Government budget

[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

I own 11,000 shares of NVIDA and lost $270k in a matter of days- But It's okay

[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

John Bolton Compares Kash Patel to Stalin's Secre .. Chief and Urges Senate to Unanimously Reject Him

[ Mon, Dec 02nd 2024 ] - Bill Williamson

'Moneyball' and 'Big Short' author Michael Lewis .. rlook these factors that are key to their success

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

Hurry! Food Storage Containers From OXO, Rubbermaid, and More Are Up to 43% Off

[ Mon, Dec 02nd 2024 ] - Hubert Carizone

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

Best selling Fitbit fitness tracker gets tantalizing Cyber Monday deal

[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

Nasdaq, S&P, and Dow are mixed while Treasury yield inversion talks resume

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Forget Cyber Monday, Stocks Are On Sale Today

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

Exclusive: Worldline attracts early stage interest from private equity firms, sources say

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Aaron Neefham

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

Amazon's Cyber Monday Sale Is Almost Over! Add These 70 Last-Minute Kitchen Deals to Your Cart Now

[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Tim Hastings

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Aaron Neefham

Stellantis and Samsung Will Get $7 Billion to Build Battery Factories

^{Published on 2024-12-02 11:01:31 - Aaron Neefham, N@N}

The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.

The article from The New York Times discusses how Stellantis, in partnership with Samsung SDI, has secured a $1.5 billion loan from the Biden administration to build a new electric vehicle battery plant in Kokomo, Indiana. This initiative is part of a broader effort to boost domestic production of electric vehicles (EVs) and reduce reliance on foreign battery technology. The loan, facilitated through the Department of Energy's Advanced Technology Vehicles Manufacturing program, aims to create jobs, enhance U.S. competitiveness in the EV market, and support the transition to cleaner transportation. The plant is expected to produce batteries for Stellantis' future electric vehicles, aligning with the company's goal to achieve 50% electric vehicle sales in the U.S. by 2030. This move also reflects the Biden administration's commitment to combating climate change by promoting sustainable energy solutions.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2024/12/02/business/stellantis-samsung-biden-loans-ev.html ]