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December 03,2024

DoE, US to provide $7.54 Billion loan to Samsung, Stellantis

A $7.54 Billion conditional commitment by DoE, US for Starplus Energy LLC to establish 2 LIB manufacturing plants in Indiana as a move to reduce foreign dependence and adhere the growing EV demand. The Stellantis N.V. and Samsung SDI joint venture is expected at full capacity to produce batteries for approx.

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