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Michigan Legislated Tax Credits To Attract Battery Manufacturers!
To date, lithium ion battery efforts in Michigan have been relatively limited. The best known companies are Compact Power Inc and a subsidiary of A123 Systems which operate research and development operations in the state. CPI is a subsidiary of LG Chem and it is rumored to have received the supply deal for the Chevy Volt.
The Michigan legislature passed a package of tax credits valued at up to $335 million for battery manufacturing operations in the state. The actual amount of the tax breaks depends on production volumes.
Maybe somebody should tell Nissan and NEC about the tax-credit opportunity in Michigan.
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