Monthly Archive: December 2022

$2.5B DOE loan backs GM’s Ultium EV plan

Possible electric Chevrolet Camaro in GM Ultium teaser videoThe U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, and Michigan, and the confirmation...