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
billion in Li-ion manufacturing facilities in the state. 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. A123Systems plans to invest more than $600 million in initial coating, cell manufacturing, and pack assembly.
Let's personalize your content