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"Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance"

"A deep-pocketed US government program designed to finance futuristic energy businesses is issuing a conditional $9.2 billion loan to Ford Motor Co. for the construction of three battery factories." "It’s one of the biggest loans to a US carmaker in more than a decade – and a watershed moment in Biden’s $400 billion plan to go all in on green technologies."

Source: Bloomberg Green, 06/23/2023

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