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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

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  • Macau faces slower growth as gaming revenue and spending weaken

  • Gov’t plans to divest CTM stake to avoid market conflict

  • Three chefs. One horizon. Six Michelin stars

  • Red Market former post office quarters to be rebuilt at owners’ expense from 2027

  • ExCo backs bill proposing tougher oversight and new dissolution powers for associations

  • Lawmaker urges insurance reform as compensation delays disrupt treatment

BusinessBuzz
Home›Business›GM joint venture gets $2.5B loan to build battery plants
The Buzz

GM joint venture gets $2.5B loan to build battery plants

By -
Tuesday, December 13, 2022
101
0

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan.

The Department of Energy awarded the loan to the venture, called Ultium Cells, for the plants, which are expected to create about 11,000 jobs. The loan is part of a government program designed to address the growing need for batteries for electric vehicles.

The loan was first announced in July.

The Biden administration has been working to strengthen U.S. energy independence and reduce dependence on China for critical components. Ultium Cells will supply GM as it works to convert its light-duty fleet to all-electric by 2035.

The plants are planned for Lansing, Michigan and Spring Hill, Tennessee. A plant near Warren, Ohio, began battery cell production in August.

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DAILY EDITION

Friday, November 13, 2026 – edition no. 5074
Friday, November 13, 2026 – edition no. 5074

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
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Timeline

  • Friday, November 13, 2026

    Macau faces slower growth as gaming revenue and spending weaken

  • Friday, November 13, 2026

    Gov’t plans to divest CTM stake to avoid market conflict

  • Friday, November 13, 2026

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  • Friday, November 13, 2026

    Red Market former post office quarters to be rebuilt at owners’ expense from 2027

  • Friday, November 13, 2026

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  • Friday, November 13, 2026

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  • Friday, November 13, 2026

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  • Friday, November 13, 2026

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Extra Times

Extra TimesHeadlinesTaste of Edesia

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There are moments when separate culinary philosophies align so precisely that the result transcends mere menu-making. At Chef Tam’s Seasons, Wynn Palace, three two-Michelin-starred titans—each ranked among Asia’s 50 Best ...
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