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https://www.wsj.com/articles/ford-venture-gets-record-9-2-billion-government-loan-for-ev-batteries-b0ed8445

Ford Venture Gets Record $9.2 Billion Government Loan for EV Batteries

Commitment for plants in the South is largest in history of DOE Loan Programs Office

By

Amrith Ramkumar

and

Nora Eckert

Updated June 22, 2023 11:11 am ET

Nickel is an essential component of electric-vehicle batteries and Indonesia is by far the world’s largest producer. A rare visit to one of its biggest nickel plants reveals the heavy environmental cost of mining and processing the metal. Photo: Ulet Ifansasti

A Ford Motor joint venture is set to get a record $9.2 billion loan from the Department of Energy to finance battery plants in Tennessee and Kentucky critical for the auto maker’s push into electric vehicles.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.