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. A123Systems has also entered into a development and manufacturing agreement with Chrysler LLC to provide battery systems for the company’s ENVI product line.
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