When Finalized, Loan Will Support New Manufacturing of EV Production Technology at Texas Plant—Creating More Than 1,300 Good-Paying Jobs and Supporting President Biden’s Efforts to Build a Clean Transportation Future, the U.S. Department of Energy through its Loan Programs Office today announced the closing of a $362 million loan to CelLink Corporation to help finance the construction of a domestic manufacturing facility that will produce components essential to electric vehicle assembly.
Currently operating a manufacturing facility in San Carlos, California, CelLink has produced wiring harnesses for over a million vehicles already on the road. To keep up with rising demand, the company is now building a new facility in Texas to increase its production capacity. Once completed, the new Texas facility will be able to operate up to 25 manufacturing lines.
LPO works with all borrowers to create good-paying jobs with strong labor standards during construction, operations, and throughout the life of the loan. To recruit for operations jobs, CelLink is developing partnerships with nearby Fort Cavazos, Austin Regional Manufacturing Association, Georgetown Independent School District, Texas State Technical College, Austin Community College, and Workforce Solutions Rural Capital Area.