Ultium Cells, a joint venture between General Motors and LG Energy Solution, received final approval on Monday for a $2.5 billion loan from the Department of Energy to help fund three new battery plants in the U.S. The locations for the plants include Warren, Ohio; Spring Hill, Tennessee; and Lansing, […]
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The U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, […]