Ford s battery joint venture to get $9 2 billion government loan lasvegassun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lasvegassun.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden is selling himself and his economic vision to a skeptical electorate. More importantly, Biden is trying to sell Bidenomics to the market.
The 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.
Many Republicans in Congress have criticized the Biden administration's efforts to boost EV and battery production. Last year, the department awarded a joint venture of General Motors and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.