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Michigan Lures $1.6 Billion Battery Factory in Fight for EV Jobs

  • Our Next Energy to make domestically sourced batteries in 2024
  • Chinese battery maker Gotion gets $715 million in incentives
Gretchen Whitmer

Gretchen Whitmer

Photographer: Ting Shen/Bloomberg

Michigan awarded incentives to two new battery projects -- a local startup building a cell plant and a Chinese firm that may produce battery components -- as Governor Gretchen Whitmer seeks to secure future automotive jobs in the state.

Our Next Energy, founded by Apple Inc. veteran Mujeeb Ijaz, is planning to build a $1.6 billion cell factory in southeast Michigan that will make lithium-iron phosphate batteries and eventually hire 2,112 people, the company said Wednesday. Michigan awarded the startup a $200 million grant that will be critical to ordering battery manufacturing equipment, Ijaz said. The company will also get more than $36 million in loans and tax exemptions. The factory is scheduled to come online in 2024 and reach full capacity by 2027.