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The US Michigan's state government approved $123 million subsidies on March 28 for a battery production partnership between Ford Motor and CATL, the Chinese battery giant.
Chinese battery giant CATL has accepted the cooperation invitation from Ford and will provide its battery factory in Michigan with preparation and operation services and technology licensing.
Chinese power battery manufacturer Gotion Hi-Tech(国轩高科) will invest approximately $2.364 billion in a battery manufacturing plant in Big Rapids, Michigan.
China’s leading battery maker Gotion High-tech (国轩高科) has received 30-year tax exemption
Gotion High-tech reportedly plans to set up a plant in Michigan