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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). Less than half of the expected number of jobs had been created to support the project.

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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 million in tax credits to four battery companies announcing plans to invest more than $1.7 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.;

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

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. Earlier post.).

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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.

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Dow Kokam Breaks Ground on Li-ion Battery Manufacturing Plant in Michigan

Green Car Congress

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.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Postal Service Minivan - Click above for high-res gallery Chrysler is celebrating Earth Day today by unveiling the first four of what will be a fleet of 250 battery-powered minivans for the U.S. However, the electric drive portion of the vehicles, including the motor, electronics and A123 System lithium ion battery pack is identical.

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