Federal Grant, Ford, General Motors and Lithium Ion

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Lithium Ion

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.

Tax Credit

Tax Credit Michigan Li-ion Tax

Battery companies receive cash boost

Green Cars News

APRIL 16, 2009

Investment in advanced battery companies continues in the USA where the Michigan Economic Growth Authority (MEGA) has awarded $543.5million in tax credits to four companies with plans to invest more than $1.7billion in lithium-ion manufacturing facilities across the state.

Tax Credit

Tax Credit Companies Lithium Ion Batteries

EV Driven

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

Battery companies receive cash boost

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