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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

million in tax credits to four battery companies announcing plans to invest more than $1.7 billion in Li-ion manufacturing facilities in the state. 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

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million to replace battery modules and packs that may contain defective prismatic cells produced at A123’s Livonia, Michigan manufacturing facility. In addition, the company recorded an inventory charge of approximately US$15.2 In addition, the Company is evaluating various options to raise cash in the capital markets.

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Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

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submitted a grant application requesting $225 million to the US Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. This initiative supports the construction of facilities to manufacture advanced battery technology components for electric vehicles. Valence Technology, Inc.

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

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The OIG review found that: Even though the facility had produced a large number of test cells, the plant had yet to manufacture battery cells that could be used in electric vehicles sold to the public. Less than half of the expected number of jobs had been created to support the project. LG Chem Michigan), formerly Compact Power, Inc.,

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Subscribe Green News Events Manufacturers Region New Cars Used Cars Filed under: EV/Plug-in , Chrysler Chrysler unveils new electric minivan for the US Postal Service by Sam Abuelsamid on Apr 22nd 2009 at 10:05AM Chrysler U.S. Apr 22, 2009 - Chrysler invented the minivan 25 years ago.

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