Reported about 15 hours ago
A subsidiary of Chinese battery manufacturer Gotion has scrapped its $2.4 billion plan to establish a plant in Michigan for electric vehicle battery materials, leading to the loss of anticipated 2,350 jobs. This decision, influenced by criticism over the company's Chinese ownership, follows a history of waning public interest in electric vehicles and recent policy changes affecting automakers. The state of Michigan, which had not disbursed a promised state grant for the project, is seeking repayment for partial funding allocated to property purchase.
Source: YAHOO