BlueOval SK, a joint venture between Ford Motor Co. and a Korean EV battery maker, was created to supply batteries for Ford and Lincoln electric vehicles.

The Daily Memphian

BlueOval SK lands $9 billion loan for Tennessee, Kentucky battery plants

The U.S. Department of Energy said on Monday it had provided a $9.63 billion loan to a joint venture between Ford Motor and South Korean battery maker SK On to finance the construction of three new battery manufacturing plants in Tennessee and Kentucky.

美國能源部週一（12月16日）表示，已為福特汽車和韓國電池製造商SK On的合資企業提供了96.3億美元的貸款，用於資助其在田納西州和肯塔基州建設三家新的電池製造工廠。

拜登政府為電池合資企業提供96億美元貸款 | 福特 | 韓國

大纪元 Epoch Times

Falun Gong

Biden administration provides $9.6 billion in loans to battery joint ventures

On December 16, the US Department of Energy announced that it had completed a $9.63 billion loan to a joint venture between Ford Motor and South Korean battery maker SK On, to finance the construction of three new battery manufacturing plants in Tennessee and Kentucky.

Ngày 16-12, Bộ Năng lượng Mỹ thông báo đã hoàn tất cấp khoản vay trị giá 9,63 tỉ USD cho liên doanh giữa Ford Motor và nhà sản xuất pin SK On của Hàn Quốc, nhằm tài trợ việc xây dựng 3 nhà máy sản xuất pin mới ở Tennessee và Kentucky.

Mỹ cấp khoản vay 9,63 tỉ USD xây nhà máy sản xuất pin xe điện

TUOI TRE ONLINE

US grants $9.63 billion loan to build electric vehicle battery factory

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Donald Trump may be the president-elect in the United States, but tons of Joe Biden policy is still alive and getting rolled out. As I’ve written recently, there actually seems to be a sprint to get as much implemented before Trump and Republicans take over. One of those items is   ... [continued] The post Ford Gets $9.63 Billion Loan for BlueOval SK from US DOE appeared first on CleanTechnica.

Media Bias/Fact Check

Clean Technica

Ford Gets $9.63 Billion Loan for BlueOval SK from US DOE - CleanTechnica

The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories.The U.S. Department of Energy’s Loan Program Office (LPO) has finalized two loans totaling more than $10 billion to support the burgeoning electric vehicle market in the United States. The first loan, a $1.25 billion package, was awarded to EVgo, a leading developer and operator…

pv magazine USA

$10 billion in government loans announced for EV companies

Second Vice President of the Government and Minister of Labour and Economics Socia, Yolanda Díaz, pledged this Monday to save employment in the Ford factory in Almussafes,...

La vicepresidenta segunda del Gobierno y ministra de Trabajo y Economía Socia, Yolanda Díaz, se comprometió este lunes a salvar el empleo en la factoría de Ford en Almussafes,...

El Gobierno se compromete a salvaguardar el empleo en Ford

Expansión

Government undertakes to safeguard employment in Ford

Ford and SK On will receive a $9.63 billion government loan for their BlueOval SK battery joint venture, according to a report Monday from Reuters. The news ups the original loan amount, which was $9.2 billion, reported in June by The New York Times. The Department of Energy loan—the largest so far by the Biden administration related to EV...

Green Car Reports

Ford and SK On get $9.63B government loan for battery plant

Top Stories DOE awards $9.63B loan to BlueOval SK to build battery plants in Kentucky and Tennessee. Read More Volkswagen’s 13-hour negotiations fail; strike looms over Christmas. Read More Toyota 2025 bZ4X gets $6K price cut and new Nightshade edition. Read More November vehicle affordability drops marginally, but still better than 2023. Read More Featured Interviews  Maximizing marketing ROI: How dealers can align strategies for better results…

CBT Automotive Network

DOE grants record loan to Ford-SK On, VW talks fail, Toyota cuts bZ4X price

The U.S. Department of Energy has announced the closing of a loan worth up to $9.63 billion, which is set to be granted to BlueOval SK – a joint venture between Ford Motor Company and battery specialists SK On, which is helping to produce the next generation of EV batteries for both Ford and Lincoln EVs. This loan will help create up to three separate battery manufacturing plants, which are said to produce an annual combined battery capacity of …

electricdrives.tv

$9.63bn loan finalised for Ford and SK On's EV battery joint venture

The three plants will have the capacity to produce 120 GWh worth of EV batteries each year. This loan has been in the works for more than 18 months and was only just approved. The DOE has also made recent loan commitments to Rivian and Stellantis.    Ford and South Korean battery manufacturer SK On are getting a huge $9.63 billion loan from the U.S. Department of Energy to build three battery manufacturing plants in Tennessee and Kentucky for el…

BlueOval SK lands $9 billion loan for Tennessee, Kentucky battery plants

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