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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

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 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 Michigan Economic Growth Authority (MEGA) Board awarded $543.5 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. .; and LG Chem-Compact Power Inc.

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Chrysler Group Awards UM-Dearborn $3.1M to Support Development of Plug-in Hybrid System for Ram Pickup Project

Green Car Congress

Chrysler Group LLC has awarded Chris (Chunting) Mi, associate professor of electrical and computer engineering at the University of Michigan-Dearborn, $3.1 We have been working toward the plug-in hybrid electric vehicle for many years—specifically in battery management, vehicle control, power electronics, and electric motors.

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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.