Biden offers $7.5 bn for Samsung-Stellantis hub
Business Standard|December 04, 2024
A joint venture between Samsung SDI Co and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.5 billion in financing from the Biden administration.
3 December
Biden offers $7.5 bn for Samsung-Stellantis hub

The conditional loan to StarPlus Energy LLC would fund as many as two lithium-ion battery cell and module manufacturing plants in Kokomo, Indiana for use in electric vehicles manufactured by Stellantis, the Energy Department announced Monday.

This story is from the December 04, 2024 edition of Business Standard.

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This story is from the December 04, 2024 edition of Business Standard.

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