Ford Qualifies For $9.2 Billion DOE Loan To Build 3 US Battery Factories
Ford and SK On have received a conditional loan approval from the DOE Loan Program Office in the amount of $9.2 billion.
BlueOval City, Ford's electric vehicle and battery manufacturing campus in West Tennessee, begins production in 2025, and will be home to Ford’s second-generation electric truck, codenamed Project T3, and will be capable of producing 500,000 EV trucks a year at full production. Site shown as of March 10, 2023. Photo courtesy of Ford.
Ford and SK On have received a conditional loan approval from the DOE Loan Program Office in the amount of $9.2 billion.
There has been so much misinformation published about Tesla and Elon Musk over the years that there are numerous people who spend much of their day, almost every day, debunking such misinformation and defending, ironically, one of the most valuable companies on Earth and one of the richest people in … [continued]
Tesla Motors announced late in the day yesterday that it has now completely paid back its Department of Energy loan. It also noted that it is the only American car company (of any kind) to have fully repaid the US government. It’s been somewhat sad and somewhat hilarious watching anti-EV … [continued]
Tesla Motors is on track to repay its loan from the Department of Energy (DOE) a full five years early, according to an announcement made by Elon Musk at a recent event. That’ll mean that the loan has so far been repayed twice as fast as it needed to be. … [continued]