Chinese Battery Maker Getting $715 Million In Incentives For $2.4 Billion Michigan Plant | Carscoops carscoops
notes that $125 million comes in the form of a Critical Industry Program performance-based grant while $50 million is a Strategic Site Readiness Program performance-based grant that will fund the preparation of the 523-acre site.is in an accelerated, full-fledged transition to electrified propulsion, the impact of which will be transformative and far-reaching,” a briefing memo from the Michigan Economic Development Corp said.
It is not yet clear which car manufacturers will use Gotion’s batteries but the company has previously said that it will locate one-third of its production capacity outside China by 2025 in order to meet growing demand from overseas car manufacturers building EVs.
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