Reported 1 day ago
The Biden administration has proposed a $7.5 billion conditional loan to support a joint venture between Samsung SDI and Stellantis for battery manufacturing plants in Kokomo, Indiana. This funding is aimed at boosting electric vehicle (EV) battery production in North America while reducing reliance on foreign sources, particularly from adversarial nations like China. However, the proposal faces potential cancellations from the incoming Trump administration, which has indicated a shift in EV policy.
Source: YAHOO