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United States of America (State of Michigan): Approval of funding for the production of EV battery components in Michigan

Description

On 5 October 2022, the State of Michigan approved USD 540 million for Gotion Inc under the Renaissance Zone program to support the company's investment in the production of cathodes and anodes in Mich...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Oct 2022

Revocation date

04 Oct 2052

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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