Stock Market News

US gives loan to GM and LG in mount more than 2 billion

2022.12.12 11:55



US gives loan to GM and LG in mount more than 2 billion

Budrigannews.com – On Monday, the U.S. Energy Department made the finalization of a low-interest loan of $2.5 billion to a General Motors joint venture (NYSE:). and the LG Energy Solution to assist in financing three brand-new manufacturing facilities for lithium-ion battery cells.

The advance will assist with funding development of new lithium-particle fabricating offices in Ohio, Tennessee, and Michigan, supporting 6,000 development occupations and 5,100 activities occupations at the three plants. A fourth battery plant in the United States is under consideration by GM and LG Energy in Indiana.

More How is Russian McDonald’s doing after brand change

During her Monday trip to Michigan, Energy Secretary Jennifer Granholm of the United States intends to promote the Ultium loan’s closing along with Labor Department Deputy Secretary Julie Su, Michigan Governor Gretchen Whitmer, President Ray Curry of the United Auto Workers (UAW), and other officials, automakers, and EV battery companies.

GM’s stock is up 0.59 percent in midday trading on Monday.

US gives loan to GM and LG in mount more than 2 billion

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,363.35 0.22%
ethereum
Ethereum (ETH) $ 3,408.84 0.02%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 254.70 0.15%
bnb
BNB (BNB) $ 667.53 2.33%
xrp
XRP (XRP) $ 1.51 5.03%
dogecoin
Dogecoin (DOGE) $ 0.43253 0.81%
usd-coin
USDC (USDC) $ 1.00 0.07%
cardano
Cardano (ADA) $ 1.06 0.73%
staked-ether
Lido Staked Ether (STETH) $ 3,409.40 0.19%
avalanche-2
Avalanche (AVAX) $ 45.61 9.15%
tron
TRON (TRX) $ 0.210293 2.56%
stellar
Stellar (XLM) $ 0.536158 5.93%
the-open-network
Toncoin (TON) $ 6.16 2.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 1.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,033.40 0.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,202.31 0.61%
polkadot
Polkadot (DOT) $ 9.16 2.65%
chainlink
Chainlink (LINK) $ 18.46 5.56%
bitcoin-cash
Bitcoin Cash (BCH) $ 513.53 1.30%
weth
WETH (WETH) $ 3,406.24 0.03%
sui
Sui (SUI) $ 3.43 0.18%
pepe
Pepe (PEPE) $ 0.00002 1.18%
near
NEAR Protocol (NEAR) $ 6.85 4.26%
leo-token
LEO Token (LEO) $ 8.11 6.49%
litecoin
Litecoin (LTC) $ 97.80 2.13%
uniswap
Uniswap (UNI) $ 11.42 3.67%
aptos
Aptos (APT) $ 12.49 1.70%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,589.35 0.07%
internet-computer
Internet Computer (ICP) $ 12.29 7.01%
hedera-hashgraph
Hedera (HBAR) $ 0.144379 3.63%
usds
USDS (USDS) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.189168 2.17%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.568869 0.48%
ethereum-classic
Ethereum Classic (ETC) $ 29.30 0.92%
render-token
Render (RENDER) $ 7.98 0.01%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 2.62%
bittensor
Bittensor (TAO) $ 529.03 0.09%
kaspa
Kaspa (KAS) $ 0.154082 0.76%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.866292 0.48%
whitebit
WhiteBIT Coin (WBT) $ 24.45 1.07%
bonk
Bonk (BONK) $ 0.000047 0.48%
dai
Dai (DAI) $ 1.00 0.06%
vechain
VeChain (VET) $ 0.042887 1.03%
filecoin
Filecoin (FIL) $ 5.66 1.41%
cosmos
Cosmos Hub (ATOM) $ 8.69 3.11%
celestia
Celestia (TIA) $ 7.87 9.66%
okb
OKB (OKB) $ 56.09 0.22%
blockstack
Stacks (STX) $ 2.24 6.86%