A123 will build battery plant in Michigan regardless of status of federal loans
Of course, a plant such as this doesn't come cheap, and A123 is reportedly planning to launch in more than one location. To help defray a sizable portion of the $2.4 billion or so it would cost to get these plants built, the battery maker has applied for $1.84 billion in loans from the Department of Energy. Today, though, A123 confirmed that at least one plant will be built in Michigan regardless of whether or not its loan application is approved. Currently, A123 has plants in Massachusetts, South Korea and China.
[Source: Automotive News - sub. req'd]
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