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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

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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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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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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).

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