Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
World

Ford-backed electric battery venture approved for $9.2bn US loan

Ford Joe Biden United States electric vehicle New York
The new batter plants will create 5,000 construction jobs and 7,500 operations positions, officials say. (Photo: AFP)

NEW YORK: A Ford joint venture to build three new electric vehicle battery plants is set to receive up to US$9.2 billion in US federal loans under a program backed by US President Joe Biden, officials announced Thursday.

The US Department of Energy announced a "conditional commitment for a loan" to BlueOval SK, a joint venture between Ford Motor and SK On, a South Korean battery manufacturer, to build the new plants in the southern US states of Tennessee and Kentucky.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Lost Eloise portrait found in dumpster sells for $100,000 after decades in closet
In a fascinating twist of fate, Eloise's original portrait, crafted by Hilary Knight in 1956, mysteriously disappeared during a Junior League Ball in 1960. Rediscovered in a dumpster, it lay dormant in Knight's closet for years, only to be brought back to life at a 2017 exhibition at the New-York…
The Times of India
The Times of India
Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says
During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.
International Business Times UK
International Business Times UK
Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later
While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…
The Times of India
The Times of India
‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow
Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition
The Guardian - UK
The Guardian - UK
Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’
Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.
Fortune
Fortune
Art dealer who sold forged Warhols sentenced to nearly four years in prison
Leslie Roberts, 62, who created fraudulent invoices and authentication documents, also ordered to repay $2.6m
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play