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21 Sep

US funding, tax incentives propel Gotion’s gigafactory plans

China’s Gotion High-tech is setting up shop in Illinois, establishing a 150-acre gigafactory within the state that is buoyed by government and tax incentives. Illinois is home to incentives like the Reimagining Energy and Vehicles (REV) package and the Invest in Illinois Fund, which helped sway Gotion in its decision-making process, Kallanish learns. In early September, the company announced that it will build its $2 billion EV lithium battery manufacturing …
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Shannon Moyer  |  USA
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