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Georgetown EV Supplier Scores $362M US DOE Loan
Tesla supplier CelLink has received a $362 million loan from the US Department of Energy to boost domestic manufacturing of lighter and more efficient flexible circuit wiring harnesses for automotive and other industries. The money will be used to construct a new manufacturing facility in Georgetown, Texas. Construction of CelLink’s manufacturing facility is anticipated to create 165 construction jobs. When fully operational, the project is expected to create more than 1,200 permanent jobs.
Wiring harnesses, key components of cars, are sets of wires and related equipment that relay information and carry electricity throughout vehicles. CelLink’s flexible circuit wiring harnesses, called “flex harnesses,” are lighter, smaller, faster to produce, and can be less expensive than conventional wiring harnesses.
CelLink’s technology, now in demand in the electric vehicle (EV) and general automotive markets, also has applications across numerous other industries, including aviation, space, consumer electronics, and appliances.
- ◦Financing