The low-cost government loan for the Blue OvalSK joint venture is the largest ever from the government's Advanced Technology Vehicles Manufacturing loan program. SK On is the battery unit of ...
Asked why it took nearly 18 months to complete the loan, Blue OvalSK said the DOE undertook rigorous due diligence that had to conduct technical, market, financial, credit, legal, regulatory and ...
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 ...
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