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USA: Battery Bonanza

No state has more at stake in the race than Michigan, ravaged by the decline of the U.S. auto industry. To rebound, Michigan has mounted an aggressive effort to develop an advanced battery industry, including $544 million in tax incentives for four companies. The money will provide the matching funds necessary to support their bids for up to $200 million each from the U.S. Department of Energy.
Source: forbes.com

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