KORE gets conditional OK for $850M U.S. loan for EV battery plant

June 09, 2023 01:45 PM

Lithium ion battery company KORE Power Inc. said Friday it intends to borrow $850 million from the U.S. Department of Energy to help finance construction of a 1.3 million-square-foot advanced battery cell factory in Buckeye, Ariz.

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