US finalizes $9.63 billion loan for Ford, SK On joint battery venture

December 16, 2024

WASHINGTON, Dec 16 (Reuters) - The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor (F.N), opens new tab and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

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