Kansas City misses out on Kokam America battery plant – Kansas City Business Journal:
The project instead will land in Michigan, Gov. Jennifee Granholm said in a Tuesday Sheannounced Kokam’s joint venture among 14 job-creatinv projects the state has landed. — a joing venture of Kokam, and will build and operate an 800,000-square-foot batterh and cell manufacturing plantin Michigan. Lee’s Summit-based Kokam, helpecd by investor Townsend, had been seeking a site for a larg e electricand hybrid-electric vehiclr battery factory. Kokam recently landed a deal as preferresd battery supplier to Smith Electri cVehicles U.S. Corp., that it would locats its electric vehicle plant inKansasx City.
To help win the battery plant, the on Tuesdagy approved a state tax credit valuedat $44.6 million for 15 years and a battery cell tax credit value d at $100 million for four years. Michigamn has been competing aggressivelty for advancedbattery projects.
livejournal.com
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