Breaking News (@ 2:20pm):
Tesla has been granted $465m in loans from the Department of Energy’s Advanced Technology Vehicle Manufacturing program. $100m will be used to fund an electric powertrain manufacturing facility that will sell parts like motors and battery packs to other carmakers.
Nissan received $1.6b (billion) to build batteries and EVs in Tennessee and Ford received 5.9b (billion).
Ford – [Read]
Nissan – [Read]
Tesla – [Read]