Michigan board approves $400 million to advance EV batteries


Source: bigrapidsnews.com bigrapidsnews.com

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LANSING, Mich. (AP) — A Michigan economic development board approved more than $400 million in state incentives Wednesday for two battery facilities estimated to cost $4 billion and bring 4,500 jobs to the state. Here is when Michigan drivers should turn on their headlights Pending approval by state lawmakers, the incentive packages would draw from a fund created less than a year ago to help the automotive state land major business expansions in the wake of news that Dearborn-based Ford Motor Co. would begin building electric vehicle battery plants in other states. “We are in global competition to make sure...