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A Michigan board approves $400 Million to advance Electric Vehicle Batteries

Electric Vehicle Charging
CC BY-ND 2.0
Electric Vehicle Charging

A Michigan board has approved 400-million-dollars to advance Electric Vehicle batteries.

The Michigan Economic Development Corporation approved two incentives packages totaling over $400 million for two electric vehicle battery facilities that will cost an estimated $4 billion and bring 4,500 jobs to the state.

Final approval of the packages will now go to lawmakers and will come from a fund created last year to help the state land major business expansions.

Energy-storage company Our Next Energy will build its $1.6 billion facility in the Detroit suburb of Novi while Gotion, a Chinese manufacturer, will build a $2.4 billion facility in Big Rapids in northern Michigan.

The facilities will help manufacture electric vehicle battery components.

Jennifer is an award winning broadcast news journalist with more than two decades of professional television news experience including the nation's fifth largest news market. She's worked as both news reporter and news anchor for television and radio in markets from Grand Rapids and Kalamazoo all the way to San Francisco, California.
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