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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

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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Battery companies receive cash boost

Green Cars News

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.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

However, the electric drive portion of the vehicles, including the motor, electronics and A123 System lithium ion battery pack is identical. A123Systems will manufacture Nanophosphate Lithium ion prismatic battery cells, modules and battery packs for Chrysler LLC. Apr 22, 2009 - Chrysler invented the minivan 25 years ago.

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