Green Car Congress

FEBRUARY 15, 2013

A review by the US Department of Energy (DOE) Office of the Inspector General (OIG) has found that Li-ion battery maker LG Chem Michigan misused funds awarded to it under the American Recovery and Reinvestment Act of 2009 (Recovery Act). As a result, up to about $842,000 in reimbursements for labor charges were questioned.

Michigan 225

Michigan Li-ion Grant Batteries 225

Green Car Congress

APRIL 14, 2009

The Michigan Economic Growth Authority (MEGA) Board awarded $543.5 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.

Tax Credit 150

Tax Credit Michigan Li-ion Tax 150

Green Car Congress

MAY 31, 2012

In its most recent 8K filing with the Securities and Exchange Commission (SEC), Li-ion battery maker A123 Systems said a number of circumstances have raised “ substantial doubt on [its] ability to continue as a going concern.”. million related to inventory produced at its Michigan facilities that may be defective.

Grant 299

Grant Tax Credit Michigan Massachusetts 299

Green Car Congress

JUNE 21, 2010

Dow Kokam’s Chief Executive Officer Ravi Shanker was joined by Vice President Joe Biden, Michigan Governor Jennifer Granholm, The Dow Chemical Company Chairman and CEO Andrew Liveris and others at a groundbreaking ceremony in Midland, Michigan for Dow Kokam’s new advanced, large-format battery production facility.

Michigan 170

Michigan Li-ion Manufacturer Lithium Ion 170