Nissan has received conditionally approval for a $1.6 billion loan by the U.S. Department of Energy. The loan falls under the Advanced Technology Vehicles Manufacturing Loan Program (ATVMLP) that was authorized by Congress under Section 136 of the Energy Independence and Security Act of 2007 to accelerate the development of vehicles and technologies that increase U.S. energy independence, create cleaner means of transportation and stimulate the American economy.
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