Read about the $458M federal funding support for South Korean company SK Hynix’s upcoming advanced memory packaging plant in ...

The funds would be used to establish two plants in Kokomo, Indiana which could build enough batteries to power up to 670,000 vehicles annually. The plants are expected to create thousands of jobs ...

The award was finalized in 15 days, the fastest DOE’s Loan Programs Office has closed on a conditional proposal. On average, ...

Stellantis said Monday the first plant would open in early 2025 and the second in 2027. On top of the two facilities announced in Indiana, Stellantis will build a gigafactory in Canada with ...

The $7.54-billion loan is earmarked to build two electric vehicle battery plants in Komoko, Indiana under the StarPlus Energy LLC banner, with at least 2,800 jobs at the factories themselves ...

The Department of Energy reached a conditional agreement with StarPlus Energy, a joint venture between Samsung SDI and Stellantis, to provide a $7.54B loan for two new battery plants in Indiana ...

StarPlus Energy EV battery plant, a joint venture between Stellantis and Samsung under construction in Kokomo, Indiana. The factory finalized a $7.5 billion loan from the Department of Energy on Dec.

The US Department of Energy (DOE) says it will loan up to $7.54 billion to a Stellantis and Samsung SDI joint venture to help build two EV lithium-ion battery plants in Indiana. The joint venture ...