GM and LG Energy Solution set to receive $2.5bn DoE loan for battery manufacturing

General Motors and LG Energy Solution are set to receive a $2.5 billion loan from the Department of Energy for their joint venture, which will manufacture batteries for electric vehicles. The DoE loan will help finance the construction of new production facilities for lithium-ion batteries, officials told Reuters. The Advanced Technology Vehicles Manufacturing loan program … Continue reading GM and LG Energy Solution set to receive $2.5bn DoE loan for battery manufacturing