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Historic $9 billion DOE loan to BlueOval

Metal Tech News - June 26, 2023

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 plants to prod...

 

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