This week, we have news on EV Farming, Hyundai, Utilities And A Battery Loan: Our Top EV News for the week of Dec 16, 2022.
Check out the full newsletter for the week which includes more Electric Vehicle News, and also news about Autonomous Vehicles. Check out this week’s newsletter for more EV news.
Bio: John is the COO at EPG, a company focused on helping electric and autonomous vehicle companies hire the best talent. In addition to these services, EPG puts out an informative weekly newsletter that is now named Mobility EVo. You can sign up for the newsletter here.
A Billion, A Billion, A Billion
The US Department of Energy has approved a $2.5 billion loan to Ultium Cells, a General Motors and LG Energy Solution joint venture, to help fund the construction of new lithium-ion battery cell manufacturing facilities in Tennessee, Ohio, and Michigan. The facilities are expected to create more than 11,000 jobs across the three states, including more than 700 in the newly organized Warren facility in Ohio.
Ultium Cells will produce battery cells at the facilities to help meet the growing US consumer demand for EVs. The loan is the first under the Advanced Technology Vehicles Manufacturing program exclusively for battery cell manufacturing.
Want these stories and more directly in your inbox every Thursday? Sign up now! We also have an EV merch store for the ultimate EV enthusiast. While everyone is raising prices, we just reduced prices. Check it out.
- Share on Facebook
- Share on Twitter
- Share on LinkedIn
- Share on Flipboard
- Share on Reddit
- Share on WhatsApp
- Send to email
Source: Read Full Article