Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind.

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Indiana.

Though not yet finalized, the $7.54 billion loan from the department's Loan Programs Office to StarPlus Energy is the third largest by the office. Hicks: Congress just passed Trump's tax bill.