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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Finance 130
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Stellantis Partners with Charge Enterprises

AutoSuccess

“As our partners in the automotive industry transition to electric-vehicle sales and service, our goal is to provide our 2,600-plus U.S. As part of its Dare Forward 2030 plan, Stellantis said it is setting the course for 50% of sales in the United States to be battery-electric vehicles (BEV) by the end of this decade.

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Michelin Completes Acquisition of Flex Composite Group

Tire Review Magazine

The acquisition is part of the Michelin in Motion 2030 strategy, which it said marks a significant step forward in the development of the Group’s polymer composites activities. FCG masters a wide range of polymer composite solutions, adjacent to those already developed by Michelin.