GM joint venture gets $2.5B loan to build battery plants

The Department of Energy awarded the loan to the venture, called Ultium Cells, for the plants, which are expected to create about 11,000 jobs. The loan is part of a government program designed to address the growing need for batteries for electric vehicles.The Biden administration has been working to strengthen U.S. energy independence and reduce dependence on China for critical components. Ultium Cells will supply GM as it works to convert its light-duty fleet to all-electric by 2035.

The plants are planned for Lansing, Michigan and Spring Hill, Tennessee. A plant near Warren, Ohio, began battery cell production in August. Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Mining lithium isn’t green. Burning fossil fuels to charge these cars isn’t green. It’s all BS

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GM venture gets $2.5 billion federal loan for battery plantsA joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three... I have a small business I want to start, can I get a federal loan? Doubtful.. Why is the taxpayers subsidizing these Companies? amazing. i'd love to see where all of these $$$ go. Union, Big Guy, Biden Crime family cronies, etc.
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