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Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
Source: The Verge The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.54 billion to build two EV battery plants in Kokomo, Indiana. The project is expected to create 3,200 jobs,…