GM and LG get $2.5 billion battery loan from the Department of Energy

Ars Technica
By Jonathan M. GitlinDec 12, 2022, 10:44 am127 ptsTrending
Enlarge / GM's Ultium batteries are modular. The largest packs are found in the Hummer EV, which carries a hefty 200 kWh. (credit: GMC) The US Department of Energy announced a big boost to domestic electric vehicle battery production on Monday. It's loaning $2.5 billion to a company called Ultium Cells, a joint…

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