The U.S. Department of Energy finalized a $9.63 billion loan for Ford Motor Co. and South Korea’s SK On to help finance the construction of three new EV battery plants in Tennessee and Kentucky. Get the final details at Headlight.News.
electric vehicle batteries
GM Begins Shipping Ultium Batteries from Second Plant
Although it may be amending the pace at which it rolls out its newest electric vehicles, General Motors is making sure it will have the batteries needed to power them. It began shipping Ultium battery packs from its Tennessee plant this week. Find out more at Headlight.News.
Ford Pauses Work on New, $3.5B Michigan Battery Plant
Automaker halts construction on Michigan battery plant, saying it needs to make certain it can operate it profitably. Predictably, the UAW is angry, accusing Ford of “shameful’’ threat to union jobs. All this while contract talks continue, reports Headlight.News.