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Largest U.S. automaker loan since 2009 is meant to help Ford beat China on EVs - Autoblog

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Largest U.S. automaker loan since 2009 is meant to help Ford beat China on EVs

The sum from the Loan Programs Office is the biggest to an automaker since the 2009 bailouts.The U.S. government is lending $9.

2 billion to Ford for three battery plants in a sign of the Biden administration's desire for America to become a leading EV player.it was financing the BlueOval SK joint venture involving Ford and South Korean battery manufacturer SK On for one factory in Tennessee and two in Kentucky.

 

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Ford-SK venture to get $9.2 billion U.S. loan for EV battery plants - AutoblogThe U.S. Energy Department plans to lend up to $9.2 billion to Ford and South Korea's SK On to help build three battery plants in Tennessee and Kentucky.
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