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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

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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. and LG Chem-Compact Power Inc. Facility locations will be determined pending final site selection decisions by the companies. Earlier post.).