Global Trade Alert
Global Trade Alert

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

Announcement

05 Oct 2022

In October 2022, the State of Michigan approved funding for the production of EV battery components in Michigan.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Oct 2022

Revocation date:

04 Oct 2052

Updated: 05 Oct 2022
Tax or social insurance relief In force
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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Implementation date

05 Oct 2022

Revocation date:

No revocation date

Updated: 05 Oct 2022
Financial grant In force
On 5 October 2022, the Michigan Strategic Fund (MSF) approved USD 175 million in grants to Gotion Inc from the Strategic Site Readiness Program and Critical Industry Program to support the company's i...
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