DOE Funds US Battery Manufacturing Expansion With $165.9M LoanÂ
American Battery Solutions (ABS) has received a conditional commitment from the DOE’s Loan Programs Office (LPO) by way of a $165.9 million loan to help support light, medium, and heavy-duty EVs and industrial equipment applications at its Ohio and Michigan locations. The funding will go towards expanding an advanced battery pack assembly facility, which includes […]