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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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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 billion in Li-ion manufacturing facilities in the state. Michigan Governor Jennifer M. The MEGA board approved a state tax credit valued at $44.6

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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. million related to inventory produced at its Michigan facilities that may be defective. State of Michigan Center of Energy and Excellence Grant. Earlier post.).

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LG Chem to Build $ 303M Li-ion Plant in Holland, MI

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will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. Michigan Governor Jennifer M.

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Daimler Trucks to Invest $194M in Detroit Diesel Engine Plant in US

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Daimler Trucks North America (DTNA) will invest $194 million (approximately €157 million) in the Detroit Diesel engine production facility in Redford, Michigan to expand substantially the heavy-duty BlueTec diesel engine production capacity. These incentives include a Michigan Economic Growth Authority Award of $56.8

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Oak Ridge National Laboratory Selects Four Companies for Collaborative Advanced Battery Research; 4 CRADAs with A123, Dow Kokam, Porous Power and Planar Energy

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By leveraging our expertise in materials science and manufacturing, ORNL will assist these partners with their individual energy storage challenges and address opportunities to surpass non-domestic secondary battery manufacturers that dominate today’s market. ORNL’s Energy Materials Program Director Craig Blue.

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Saft to Raise Approximately 120M to Fund Li-ion Plants in US

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Saft remains very focussed on its exciting medium term growth prospects, with high performance Li-ion batteries and is delighted that its projects have been chosen by the US Government to receive grants to build new factories in North America. million, including $100 million of investment-related, refundable tax credit.

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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV

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Ford Motor Company is investing $550 million to transform its Michigan Assembly Plant into a flexible manufacturing complex that will build Ford’s next-generation Focus global small car along with a new battery-electric version of the Focus for the North American market. Local property tax incentives for new investments at the site.

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