Ford and SK On will receive a $9.2 billion government loan for their BlueOval SK battery joint venture, according to a report Thursday from The New York Times. The Department of Energy loan—the largest so far by the Biden administration related to EV manufacturing—will help finance construction of battery plants in Kentucky and... Ford and SK On get $9.2B government loan for battery plant
Ford and SK On will receive a $9.2 billion government loan for their BlueOval SK battery joint venture, according to a report Thursday from The New York Times. The Department of Energy loan—the largest so far by the Biden administration related to EV manufacturing—will help finance construction of battery plants in Kentucky and...