Green Car Congress

APRIL 14, 2009

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.; and LG Chem-Compact Power Inc. A123Systems Inc.

Tax Credit 150

Tax Credit Michigan Li-ion Tax 150

Green Car Congress

MAY 31, 2012

In addition, the company recorded an inventory charge of approximately US$15.2 The Company is actively engaged in discussions with strategic partners for substantial investments in the Company. In addition, the Company is evaluating various options to raise cash in the capital markets. Earlier post.). million and $0.8

Grant 299

Grant Tax Credit Michigan Massachusetts 299

Green Car Congress

MAY 28, 2009

The company’s proposed facility in Leander, Texas would manufacture lithium phosphate cathode material, high-capacity advanced cells and battery packs for electric drive vehicles and other applications. Valence submitted its application requesting the federal grant funds over a three-year period and plans to fund the remaining $359.4

Federal Grant 150

Federal Grant Batteries Battery Production 150

Green Cars News

APRIL 16, 2009

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.

Tax Credit 36

Tax Credit Companies Lithium Ion Batteries 36

Green Car Congress

FEBRUARY 15, 2013

acknowledge that company officials were faced with difficult choices, with lack of demand for the product being at the core of LG Chem Michigan’s problem. As part of this process, LG Chem Michigan was also eligible to receive more than $175 million in tax relief from the State and local governments through 2025.

Michigan 225

Michigan Li-ion Grant Batteries 225

Tony Karrer Delicious EVdriven

APRIL 22, 2009

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Minivan 46

Minivan Chrysler Dodge Circuit 2009 46