Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan
Green Car Congress
APRIL 14, 2009
The state refundable tax credits will help the companies in their quest for some of the $2 billion in federal grants for advanced-battery research and development. JCS announced plans to invest $220 million in a new advanced-battery manufacturing facility to produce lithium-ion cells for automotive applications—its first in the US.
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