The DOE loan was previously set to support two phases of production for a total of 400,000 units annually.
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The multinational conglomerate posted first-quarter adjusted operating income of 960 million euros ($1.19 billion), comfortably beating analyst expectations.
The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.
The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.
Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.