Michigan Seeks $23.6 Million Repayment as Chinese EV Battery Plant Project Collapses
Michigan officials are demanding millions in incentive repayments from Chinese company Gotion after a planned $2.36 billion EV battery factory collapsed. The project faced years of opposition from local residents and congressional critics over environmental and political concerns.
Project Termination and Financial Repercussions
Michigan is seeking to recover $23.6 million in state incentives from Chinese battery manufacturer Gotion Inc. after the company’s planned electric vehicle battery plant project near Big Rapids collapsed, according to reports from state economic development officials. The state has declared the company in default of its economic development grant obligations, with sources indicating the project saw no “eligible activities” on the site property for over 120 days.