News
18 December 2024

$9.6bn loan closed for BlueOval SK battery production

In:
Manufacturing & equipment, Power
Region:
Americas

The US Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a direct loan of up to $9.63 billion to BlueOval SK LLC (BOSK).The funds will be used for the construction of up to three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln...

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