U.S. Loans $9.63 Billion for EV Batteries

Aspen, Colorado. Photo by Donald Giannatti on Unsplash.

The U.S. Department of Energy has announced a $9.63 billion loan to BlueOval SK for its construction of three new facilities in Kentucky and Tennessee, which will manufacture electric vehicle batteries. 

For details: https://www.energy.gov/lpo/articles/doe-announces-963-billion-loan-blueoval-sk-further-expand-us-manufacturing-electric 

For context: https://energyx.com/blog/where-do-electric-vehicle-ev-batteries-come-from/