Ford-backed electric battery venture approved for $9.2bn US loan

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New York (AFP) June 22, 2023
A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday. The US Department of Energy announced a “conditional commitment for a loan” to BlueOval SK, a joint venture between Ford Motor and SK On, a South Korean battery manufacturer, to build the This article was originally published by Solardaily.com. Read the original article here.

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