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U.S. commits to $7.5B loan for Stellantis venture to build 2 EV battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Ind. The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the …

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