A Samsung-led venture that’s developing a factory near Indianapolis to make batteries for electric vehicles got a conditional commitment for up to $7.54 billion in federal funds as part of the Biden administration’s latest move to boost domestic manufacturing.
Samsung, Stellantis joint venture gets $7.5 billion loan for battery plants in Indiana
Federal funds earmarked for project that makes parts used in electric vehicles
By Andy Peters
CoStar News
December 3, 2024 | 9:21 P.M.
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IN THIS ARTICLE
- Properties
- Komoko Casting Plant
2401 Reed Rd, Kokomo, IN
- Companies
- Stellantis NV
Manufacturing
- Samsung Electronics Co., Ltd.
Manufacturing
- U.S. Department of Energy
Public Administration