Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV
Green Car Congress
JUNE 1, 2009
Bright Automotive has applied for $35 million in government grants to accelerate the production of its plug-in hybrid the IDEA ( earlier post ), and to deliver battery solutions to the industry through its engineering services arm. In addition to these grants, Bright Automotive has applied for $450 million in government loans under the Energy Independence and Security Act of 2007 Advanced Technology Vehicles Manufacturing Loan Program.