Report: GM-LG Ultium Cells battery venture to get first federal ATVM loan in a decade

Possible electric Chevrolet Camaro in GM Ultium teaser videoGeneral Motors and LG might be the first companies in 12 years to be awarded a loan under the federal government’s Advanced Technology Vehicle Manufacturing (ATVM) loan program, according to a report from Reuters, citing information from officials. LG Energy Solution and GM have been partners in Ultium Cells LLC, which builds the…
Source: Hybrid and Electric Car News and Reviews