DOE announces $9.63B loan to BlueOval SK to expand US manufacturing of electric vehicle batteries

URLhttps://www.greencarcongress.com/2024/12/20241217-
SourceGreen Car Congress
Date Published12/17/2024

Additional Reshoring Information:

Company/Division name BlueOval SK
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):5000
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):6200
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredbatteries for EVs
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$6.2 billion loan
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