Article: United states : MEGA approves $20 million in tax credits for car battery pack project.

Byline: rakshali03

The U.S.-French partnership to build lithium-ion batteries for future Ford Motor Co. plug-in hybrid vehicles in Holland got a boost from the state Tuesday.

The Michigan Economic Growth Authority board approved $20 million over three years in tax credits for Milwaukee-based Johnson Controls Inc. and Paris-based Saft Advanced Power Solutions, a division of Saft SA, to manufacture plug-in and all-electric traction battery packs.

The JCI-Saft (or JCS) partnership also landed an anchor jobs incentive from the state for attracting or influencing suppliers or customers to locate or expand in Michigan.

In April, the MEGA ...

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