Not exact matches
The battle for car
battery manufacturing is beginning to move forward, with GM predicting the
Volt will arrive in 2010 as a 2011 model.
The difference highlights an opportunity for economic development that escaped Michigan when GM decided to have the
Volt's lithium - ion cells
manufactured overseas (a point lost in many early reports, which hailed the move as a major Michigan win), rather than in its home state — despite up to $ 335 million in tax incentives for
battery development,
manufacture, and assembly.
General Motors: $ 105.9 million for the production of high - volume
battery packs for the GM
Volt (the cells will be from LG Chem, Ltd. and other cell providers to be named), plus another $ 105 million for the construction of U.S.
manufacturing capabilities to produce the second - generation GM global rear - wheel electric drive system.