Reported about 15 hours ago
Michigan has officially terminated its agreement with Chinese company Gotion Inc. for an electric vehicle battery plant due to abandonment of the project, seeking to recover $23.6 million in incentives. Despite initial support from Governor Gretchen Whitmer and lawmakers, strong local opposition and regulatory hurdles led to the project's downfall. Michigan's Economic Development Corporation noted that Gotion had not made any eligible progress on the site for over 120 days, prompting the state's demand for repayment.
Source: YAHOO