The cost of the renovation is expected to be $220 million, but Michigan is giving Johnson-Saft $148.5 million in tax credits and incentives, so the real cost for the company should only be $71.4 million. The plant is expected to produce 500 new jobs in Michigan. Johnson Controls-Saft currently makes batteries in France.
For those keeping score at home: General Motors gets the batteries for its Volt from LG in South Korea, Chrysler announced that it will get batteries from A123 Systems in Massachusetts.
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