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Stellantis Secures Major Loan for New EV Battery Factories in Indiana

Stellantis has secured a conditional commitment for a $7.54 billion loan from the US Department of Energy to establish lithium-ion battery factories in Indiana, aiming to produce 67 GWh of batteries annually. The company is also investing in lithium-sulfur battery technology, partnering with Zeta Energy to potentially launch a commercial version by 2030, which promises lighter, cheaper, and faster-charging batteries. As scrutiny of these projects increases, the future of Stellantis's EV ambitions remains uncertain amid competitive pressures in the automotive industry.
CleanTechnica
United States Dollar Samsung SDI Co., Ltd. Rivian Automotive, Inc. FedEx Corp Zeta Energy Stellantis N.V. Walbridge Group Lyten Honeywell International Inc. Tesla, Inc. USA GEO CHN Elon Musk Dan Cook Carlos Tavares Vivek Ramaswamy Show more
Finance & Economy, News Article
16:31 06.12.2024
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