Energy Department backs $2.5B loan to GM venture for EV batteries

WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department said it has made a conditional commitment to lend the money to Ultium … Continue reading Energy Department backs $2.5B loan to GM venture for EV batteries