Ford closes $9.63 billion DOE loan to supercharge 3 EV battery factories
Photo: BlueOval SK In a major development in the US EV industry, Ford's joint venture, BlueOval SK, has closed a $9.63 billion loan from the Department of Energy's (DOE) Loan Programs Office. The DOE loan will go toward the construction of three state-of-the-art battery manufacturing facilities — one in Tennessee and two in Kentucky — …
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