US closes $362 million loan to CelLink for vehicle wiring plant

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The United States has closed a $362 million loan to CelLink Corp to help finance the construction of a plant in Texas to make components for electric vehicle assembly. The financing is for the development of lighter, more efficient flexible circuit wiring harnesses for automotive and other industries. Once operational, the plant is expected to produce enough wiring harnesses to support the manufacture of about 2.7 million EVs per year and more than 1,200 jobs. The Texas facility will eventually hold up to 25 manufacturing lines that will be brought online in stages over the next several years depending on demand.

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https://finance.yahoo.com/news/us-closes-362-million-loan-130712655.html