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23 Feb

US offers $710m in loans to two EV tech projects

The US Department of Energy (DOE) has given preliminary approval for loans totalling around $710 million to two electric vehicle technology projects, Kallanish notes. South Korean silicon carbide (SiC) wafer manufacturer SK Siltron CSS has secured a conditional commitment for a loan of up to $544m, the DOE said Thursday. Financed under the Advanced Technology Vehicles Manufacturing (ATVM) loan program, the funding will help the company expand its American manufact…
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