China’s leading battery maker Gotion High-tech gets 30-year tax break in US Michigan for its battery part factory
Chinese article by 爱集微
English Editor 张未名
09-29 17:05

China’s leading battery maker Gotion High-tech (国轩高科) has received 30-year tax exemption approval for a battery parts facility by three government boards in Big Rapids of the US state of Michigan, according to a Xinhua report on September 28.

The 523-acre EV battery parts facility will be invested by Gotion Inc, a US subsidiary of Gotion High-tech with nearly $2.4 billion on the outskirts of Big Rapids, aiming to create 2,350 jobs in the next decade, local media reported on September 26.

The move would save Gotion an estimated $13 million in property taxes annually.

The Gotion project would add to the ongoing wave of battery manufacturing developments in Michigan, including a $1.7 billion LG Energy Solution Inc project in Holland and a $2.5 billion General Motors partnership near Lansing, local media reported.

Big Rapids is a city in the heartland of the US state of Michigan with a population of 10,601 at the 2010 census, said Xinhua.

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