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A123 Systems of Watertown gets tax breaks for its new Livonia, MI Plant April 15, 2009

Posted by HubTechInsider in Uncategorized.
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A123Systems, a lithium-ion battery company that just Monday said it had raised $69 million in its latest financing round, said yesterday that it has secured more than $100 million in refundable tax credits from the state of Michigan.

Watertown-based A123Systems added that it has selected Livonia, Mich., as the location for one of the new production plants it is planning.

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