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DOE Inspector General review finds automotive Li-ion battery maker LG Chem Michigan misused Recovery Act funds; DOE management, low market demand contributory

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.

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Michigan Li-ion Grant Batteries 225
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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

APRIL 14, 2009

The Michigan Economic Growth Authority (MEGA) Board awarded $543.5 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. Michigan Governor Jennifer M. billion in Li-ion manufacturing facilities in the state.

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Tax Credit Michigan Li-ion Tax 150
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