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Global Trade Alert

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United States of America: Department of Energy announces a USD 9.63 billion loan to BlueOval SK for EV battery production

Description

On 16 December 2024, the US Department of Energy (DOE) announced providing USD 9.63 billion in loans to BlueOval SK LLC for the construction of three manufacturing plants to produce batteries for Ford...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Dec 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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