Historic $9 billion DOE loan to BlueOval
Metal Tech News - June 26, 2023
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Last updated 7/4/2023 at 12:21pm
Ford Motor Company
Ford and SK On have joined forces to build BlueOval City manufacturing, recycling, and EV assembly plant in Tennessee (above) and twin battery manufacturing plants in Kentucky.
Loan will support the building of 3 Ford-SK battery plants in Kentucky and Tennessee.
In another sweeping step in support of the transportation industry's e-mobility transition and domestic infrastructure for electric vehicle and battery production, the U.S. Department of Energy has committed a loan of up to $9.2 billion to BlueOval SK LLC for the construction of three manufacturing pl...
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