A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan.
The Department of Energy awarded the loan to the venture, called Ultium Cells, for the plants, which are expected to create about 11,000 jobs. The loan is part of a government program designed to address the growing need for batteries for electric vehicles.The Biden administration has been working to strengthen U.
S. energy independence and reduce dependence on China for critical components. Ultium Cells will supply GM as it works to convert its light-duty fleet to all-electric by 2035.The plants are planned for Lansing, Michigan and Spring Hill, Tennessee. A plant near Warren, Ohio, began battery cell production in August.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
No. 3 Ohio State escapes Michigan State to win 74-68The Buckeyes led for all but 49 seconds of Sunday's game against Michigan State, but the Spartans kept things close until the game's final minute.
Lire la suite »
'I never put my head down': How Ohio State quarterback CJ Stroud handled loss to MichiganAfter Ohio State suffered another crushing loss to Michigan, quarterback C.J. Stroud shifted his attention toward preparing for playoff possibilities.
Lire la suite »
GM joint venture gets $2.5B loan to build battery plantsA joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan.
Lire la suite »
Central Ohio High School Sports Awards back with live show in 2023Central Ohio High School Sports Awards is part of the USA TODAY High School Sports Awards, the country's largest H.S. sports recognition program.
Lire la suite »
Historic US treasurer's memorabilia on display in OhioWhen Mary Ellen Withrow first ran for public office, she was not allowed to have a credit card in her name
Lire la suite »