DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities
Green Car Congress
DECEMBER 13, 2022
billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The cells manufactured by Ultium Cells LLC are large format, pouch-type cells that use a nickel-cobalt-manganese-aluminum (NCMA) chemistry to deliver more range at less cost.
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