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Michigan yanks incentives for controversial EV battery plant
Michigan demands $23.6 million repayment after Gotion Inc. defaulted on its $2.4 billion electric vehicle battery plant project following delays and local opposition.
- The Michigan Strategic Fund notified Gotion Inc that its $2.3 billion EV battery plant project is in default and public funding of $175 million will be clawed back.
- Gotion blamed Green Township for breaking an agreement, while the state cited the company's failure to carry out activities for over 120 days as the reason for default.
- While the state is open to a resolution, local opposition cited national security concerns over a company linked to China setting up operations.
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Michigan terminates controversial EV battery plant and seeks to claw back millions in incentives
The state of Michigan is suspending incentives and seeking to claw back millions from a Chinese business behind an electric vehicle battery plant project in northern Michigan after the project has been riddled with pushback from locals and national Republicans.
·United States
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Total News Sources21
Leaning Left6Leaning Right3Center12Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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