$1.6 Billion Battery Factory in Michigan to Generate More Electric Vehicle Jobs

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Governor of Michigan Gretchen Whitmer seeks to secure future automotive jobs in the state as Michigan introduces two new battery projects: the construction of a cell plant and a battery factory.

On October 5th, 2022, the company “Our Next Energy (ONE)” which was founded by Apple Inc., is planning to build a $1.6 billion cell factory in southeast Michigan that produces lithium-iron phosphate batteries – leading to an increase in available jobs by hiring 2,112 workers. Michigan awarded the startup a $200 million grant that will surely play a crucial role in ordering battery manufacturing equipment. ONE will also receive more than $36 million in loans and tax exemptions. The factory is scheduled to come online in 2024 – reaching full capacity by 2027.

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“The facility will serve our finished goods manufacturing in North America and possibly have enough capacity to sell these two critical components to other North America-based battery manufacturers”, says VP of North American operations Chuck Thelen (Gotion).

This quote from Chuck Thelen is important because as VP of Chinese battery maker Gotion High-Tech Co., the company proposed investing $2.4 billion in a plant in Big Rapids, Michigan, to build battery anodes and cathodes while employing as many as 2,350 people.

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Many states have been battling to purchase and operate electric vehicle and battery plants. Michigan suffered a blow last year when Ford Motors decided to go south to create two new electric vehicle operations in Tennessee and Kentucky. Since then, Governor Whitmer has put almost $2 billion into a fund to distribute incentives for companies to land larger sustainable projects.

ONE’s batteries will likely qualify for the full 7.5% tax credit on consumer electric vehicles and production tax credits (which was created by President Joe Biden’s Inflation Reduction Act). The law is designed to reduce U.S. reliance on China for critical battery minerals and other components by subsidizing a domestic electric vehicle supply chain.

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